India restricts imports of gold, silver and platinum jewellery
Change
India's Directorate General of Foreign Trade reclassified imports under customs tariff heading 7113 from 'Free' to 'Restricted', making prior DGFT permission or a licence mandatory for gold, silver and platinum jewellery imports with immediate effect while exempting 100% Export Oriented Units and Special Economic Zone units.
Why it matters
The change enables licensing authorities to block or delay consignments rather than allow automatic tariff treatment, undermining the use of free trade agreement duty preferences for contested shipments. Shipments characterised as unstudded jewellery from Southeast Asian suppliers will face heightened scrutiny and administrative checks that can prevent clearance.
Implications
- • Importers of gold, silver and platinum jewellery must secure prior DGFT licences before attempting customs clearance of CTH 7113 consignments.
- • Customs brokers and authorised freight forwarders handling CTH 7113 shipments must verify DGFT permission before filing import declarations for those consignments.
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