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Central government reclassifies silver jewellery subcodes 71131141 and 71131149 from Free to Restricted until 31 March 2026

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....The central government, exercising powers under the Foreign Trade (Development & Regulation) Act and the Foreign Trade Policy, amended Schedule I (Import Policy) of ITC (HS) 2022 to change the import classification for two specific Chapter 71 tariff items (subcodes 71131141 and 71131149) from "Free" to "Restricted," effective immediately and until 31 March 2026; the amendment affects articles of jewellery of silver or silver-clad precious metal and was issued by the competent commerce authority with ministerial approval.....

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Central government reclassifies silver jewellery subcodes 71131141 and 71131149 from Free to Restricted until 31 March 2026