India imposes import curbs on precious metal articles
Chapter 71 imports now restricted
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Change
India imposed immediate import restrictions on gold, silver and platinum articles under Chapter 71 with no transitional relief.
Why it matters
Existing shipments and contracts are not grandfathered, requiring compliance with new licensing conditions for clearance.
Implications
- — Importers must secure approvals — clearance risk increases
- — In-transit goods may be blocked — supply disruption likely
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