India restricts imports of gold, silver and platinum jewellery
Change
India reclassified customs tariff heading 7113 from 'Free' to 'Restricted' with immediate effect, requiring prior permission or a licence from the Directorate General of Foreign Trade (DGFT) for imports while exempting 100% Export Oriented Units and Special Economic Zones.
Why it matters
Importers can no longer rely on free-trade agreement duty preferences to bring jewellery under customs tariff heading 7113, creating immediate risk that inbound consignments will be held at ports. Supply chains with contracts, letters of credit, or advance payments face clearance uncertainty and must confirm legal eligibility before shipments arrive.
Implications
- • Jewellery importers using customs tariff heading 7113 must obtain prior import permission or a licence from the Directorate General of Foreign Trade (DGFT) before shipment arrival or consignments will be blocked from clearance.
- • Customs brokers and freight forwarders handling gold, silver or platinum jewellery consignments must verify DGFT licences before attempting customs clearance or their entries will be rejected or delayed.
Unlock the decision layer.
Go beyond headlines — see impact, exposure, and timing.
- Implications: What actually changes downstream.
- Who is affected: Which teams or operators are exposed.
- What to watch: Deadlines, triggers, and next moves.
- Real-time alerts: Know the moment a change is published.
- Ask AI: Clarify any brief instantly, in context.
14-day free trial. Full access. No credit card required.
Start free trial
Source
Topics