DGFT:
The Central Government has amended the Import Policy and Policy Conditions of specific ITC (HS) codes under Chapter 71 of Schedule-I (Import Policy) of ITC (HS) 2022, in line with the changes introduced by the Finance Act, 2025 dated 29th March 2025. This amendment includes the deletion of certain codes and the introduction of newly structured codes with revised import conditions for items such as silver, gold, and platinum in unwrought, semi-manufactured, or powder forms. Imports under these new codes are now subject to specific policy conditions, including restrictions that allow import only through nominated agencies notified by the RBI, DGFT, or qualified jewellers authorised by the IFSCA via the India International Bullion Exchange (IIBX). Special provisions are also made for India-UAE TRQ holders and gold powder imports by refineries under AU license. These revised classifications and import conditions come into effect immediately.
(Notification No. 08/2025-26 dated 19th May 2025)
