The Hindu ·

India restricts jewellery imports under tariff heading 7113

Import licences now mandatory for gold, silver and platinum jewellery

Trade & Tariffs
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Change
India reclassified customs tariff heading 7113 from 'Free' to 'Restricted', requiring DGFT licences for imports with immediate effect.
Why it matters
The change removes automatic import clearance even for shipments backed by contracts or letters of credit, exposing consignments to port-level detention.
Implications
  • — Importers must secure licences before shipment — clearance risk rises
  • — Existing contracts not protected — supply disruption likely

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