Import policy for specified silver HS codes now requires DGFT authorisation for permitted imports through nominated agencies and IIBX channels.

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Full Text of the Document

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....Import policy for specified Chapter 71 ITC(HS) silver codes is amended with immediate effect to require a valid Import Authorisation issued by DGFT for imports routed through nominated agencies notified by RBI for banks, DGFT for other agencies, and qualified jewellers notified by IFSCA for IIBX, wherever such imports are permitted. The amendment covers silver powder, unwrought silver grains, silver containing 99.9% or more by weight, and other unwrought silver, while preserving the stated allowance for silver dore imports by refineries against a licence with AU condition.....