Import Policy Changed: Platinum Import Now Restricted Except 99% Pure Alloys Under Section 3 & 5 FT(D&R) Act

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....DGFT notification amends import policy for platinum under Chapter 71 of ITC (HS) 2022, Schedule-I. Import status of platinum under HS codes 71101110 (unwrought form), 71101120 (powder form), and 71101900 (other forms) is changed from "Free" to "Restricted." Exception granted for platinum alloy containing 99% or higher purity by weight, which remains under free import category. Amendment exercised under Sections 3 and 5 of FT(D&R) Act 1992, read with FTP 2023 provisions. Policy revision affects all forms of platinum including unwrought, semi-manufactured, and powder forms, except specified high-purity alloys.....