Amendment in Import Policy and Policy Conditions of specific ITC (HS) codes under Chapter 71 of Schedule -I(Import Policy) of ITC (HS) 2022 in sync with the Finance Act 2025 - 08/2025-26 - Foreign Trade Policy

Government of India Ministry of Commerce Industry Department of Commerce Directorate General of Foreign Trade Vanijya Bhawan Notification No. 08/2025-26 New Delhi, Dated: 19 May, 2025 Subject: Amendment in Import Policy and Policy Conditions of specific ITC (HS) codes under Chapter 71 of Schedule -I(Import Policy) of ITC (HS) 2022 in sync with the Finance Act 2025 -reg. S.O. (E) - In exercise of powers conferred by Section 3 read with Section 5 of Foreign Trade (Development Regulation) Act, 1992 , read with paragraph 1.02 and 2.01 of the Foreign Trade Policy (FTP) 2023, as amended from time to time, the Central Government hereby amends the Import Policy and Policy Condition of specific ITC (HS) codes under Chapter 71 of Schedule -I (Import Policy) of ITC (HS) 2022 in sync with the Finance Act 2025 dated 29.03.2025, with immediate effect. 2. In Chapter 71 , ITC (HS) 2022, Schedule-I (Import Policy) , the details of the ITC(HS) codes that have been deleted and the Import Policy and Policy Conditions against the newly created ITC(HS) codes is notified as under: ITC(HS) Code Item Description Import Policy Policy Condition 7106 Silver (including silver plated with gold or platinum), unwrought or in semi manufactured forms, or in powder form. 710691 Other :-- Unwrought: 71069120 Containing 99.9 per cent. or more by weight of silver Restricted Import is allowed only through nominated agencies as notified by RBI (in case of banks), DGFT (for other agencies) and by qualified jewellers as notified by the IFSCA for import through India International Bullion Exchange (IIBX). 710692 Other : -- Semi-manufactured 71069220 Bar Deleted 71069221 Bar: Containing 99.9 percent or more by weight of silver Free Subject to RBI Regulations. 71069229 Bar ---- Other Free Subject to RBI Regulations. 7108 Gold (including gold plated with platinum) unwrought or in semi manufactured forms, or in powder form. 710812 -- Other unwrought forms: 71081200 -Non-monetary: -- Other unwrought forms Deleted 71081210 --- Containing 99.5 per cent. or more by weight of gold Restricted 1. Import is allowed through: (i) Nominated agencies as notified by RBI (in case of banks) or nominated agencies notified DGFT (for other agencies) (ii) Qualified Jewellers (as notified by IFSCA) through India International Bullion Exchange (IIBX); 2. Valid India-UAE TRQ holders as notified by IFSCA can import gold through IIBX against the TRQ and can obtain physical delivery of the same through IFSCA registered vaults located in SEZs as per the guidelines prescribed by the IFSCA. 71081290 ---Other Restricted 1. Import is allowed through: (i) Nominated agencies as notified by RBI (in case of banks) or nominated agencies notified DGFT (for other agencies) (ii) Qualified Jewellers (as notified by IFSCA) through India International Bullion Exchange (IIBX) ; 2. Valid India-UAE TRQ holders as notified by IFSCA can import gold through IIBX against the TRQ and can obtain physical delivery of the same through IFSCA registered vaults located in SEZs as per the guidelines prescribed by the IFSCA. 3. Gold Dore can be imported by refineries against an import license with Actual User (AU) condition. 710813 -- Other semi-manufactured forms: 71081300 -Non-monetary: -- Other semi- manufactured forms Deleted 71081310 --- Containing 99.5 per cent. or more by weight of gold Restricted Import is allowed only through nominated agencies as notified by RBI (in case of banks) and DGFT (for other agencies) 71081390 --- Other Restricted Import is allowed only through nominated agencies as notified by RBI (in case of banks) and DGFT (for other agencies) 71081390 --- Other Restricted Import is allowed only through nominated agencies as notified by RBI (in case of banks) and DGFT (for other agencies) 7110 Platinum, unwrought or in semi manufactured forms, or in powder form. 711011 Platinum: -- Unwrought or in powder form 71101110 --- Unwrought form Deleted 71101111 --- Unwrought form --- Containing 99.0 per cent or more by weight of platinum Free - 71101119 --- Unwrought form: --- Other Restricted - 71101120 --- In powder form Deleted 71101121 --- In powder form: --- Containing 99.0 per cent. or more by weight of platinum Free - 71101129 --- In powder form: --- other Restricted - 711019 --Other 71101900 - Platinum : -- Other Deleted 71101910 --- Containing 99.0 per cent. or more by weight of platinum Free - 71101990 ---Other Restricted - Effect of the Notification: The Import Policy of the ITC(HS) codes under Chapter 71 of ITC (HS) 2022, Schedule- I (Import Policy) , newly created under the Finance Act, 2025 dated 29.03.2025, is notified with immediate effect. This is issued with the approval of Minister of Commerce Industry. (Ajay Bhadoo) Director General of Foreign Trade Addl. Secretary to the Government of India Email: [email protected] [Issued from File No. 01/89/180/36/AM-11/PC-2[A]/Part-VII / E-34827]