{"id":6876,"date":"2025-11-19T17:57:24","date_gmt":"2025-11-19T12:27:24","guid":{"rendered":"https:\/\/www.centaxonline.com\/blog\/?p=6876"},"modified":"2025-11-19T19:23:28","modified_gmt":"2025-11-19T13:53:28","slug":"dgft-restricts-import-of-platinum-jewellery-items-under-itc-hs-71131921-notification","status":"publish","type":"post","link":"https:\/\/www.centaxonline.com\/blog\/dgft-restricts-import-of-platinum-jewellery-items-under-itc-hs-71131921-notification","title":{"rendered":"DGFT Restricts Import of Platinum Jewellery Items Under ITC HS 71131921 | Notification"},"content":{"rendered":"

Notification No. 48\/2025-26<\/a>, Dated 17-11-2025<\/p>\n

1. Overview<\/h2>\n

The Directorate General of Foreign Trade (DGFT)<\/strong> has issued a notification amending the import policy for platinum jewellery<\/strong> classified under Chapter 71, Schedule I of the ITC (HS) 2022)<\/strong>.<\/p>\n

Until now, these items\u2014described as \u201cunstudded platinum jewellery\u201d<\/strong>\u2014were permitted for import under the \u2018Free\u2019<\/strong> category.<\/p>\n

2. Key Policy Change<\/h2>\n

With immediate effect<\/strong>, the DGFT has revised the import policy for platinum jewellery from \u2018Free\u2019<\/strong> to \u2018Restricted\u2019<\/strong>.<\/p>\n

This change means that:<\/p>\n

    \n
  • Imports will now require specific authorisations<\/strong>,<\/li>\n
  • Additional conditions or approvals<\/strong> may apply, and<\/li>\n
  • Trade will be subject to closer monitoring and regulatory oversight<\/strong>.<\/li>\n<\/ul>\n

    The shift places platinum jewellery imports within a controlled import regime.<\/p>\n

    3. Duration of Restriction<\/h2>\n

    The revised import policy will remain in force until 30 April 2026<\/strong>.<\/p>\n

    This temporary restriction allows the Government to regulate import volumes and assess market conditions during the specified period.<\/p>\n

    4. Likely Policy Considerations<\/h2>\n

    Although not explicitly stated, the policy shift may be driven by factors such as:<\/p>\n

      \n
    • Management of trade balance<\/strong> and foreign exchange outflows,<\/li>\n
    • Support for domestic jewellery manufacturers<\/strong>, or<\/li>\n
    • Market monitoring and compliance requirements<\/strong> related to precious metals.<\/li>\n<\/ul>\n

      5. Significance<\/h2>\n

      The amendment signals heightened regulatory attention on imports of high-value precious metal products. Importers, jewellers, and authorised dealers must update their compliance processes in line with the revised \u2018Restricted\u2019 policy classification<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

      Notification No. 48\/2025-26, Dated 17-11-2025 1. 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