Full Text
REGD. No. D. L.-33004/99
The Gazette of India
CG-DL-E-05032025-261472
EXTRAORDINARY
PART II-Section 3-Sub-section (ii)
PUBLISHED BY AUTHORITY
No. 1077]
NEW DELHI, WEDNESDAY, MARCH 5, 2025/PHALGUNA 14, 1946
1576 GI/2025
MINISTRY OF COMMERCE AND INDUSTRY
(Department of Commerce)
(DIRECTORATE GENERAL OF FOREIGN TRADE)
NOTIFICATION
New Delhi, the 5th March, 2025
No. 60/2024-25
Subject: Amendment in Import Policy and Policy Condition of Platinum covered under HS Code 7110 of Chapter 71 of ITC (HS) 2022, Schedule –I (Import Policy).
S.O. 1085(E).—In exercise of powers conferred by Section 3 and 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 makes the following amendments under Chapter 71 of ITC (HS), 2022, Schedule - I (Import Policy), as under:
The Import Policy and Policy Condition of the following ITC (HS) Codes is amended as under:
+-----------+-------------------------------------------------+------------------------+-----------------------+--------------------------------------------------------------------------------+
| ITC(HS) | Description | Existing Import | Revised Import | Revised Import Policy |
| Code | | Policy | Policy | Condition |
+===========+=================================================+========================+=======================+================================================================================+
| 7110 | Platinum, Unwrought or in semi manufactured forms, or in powder form. | | | |
+-----------+-------------------------------------------------+------------------------+-----------------------+--------------------------------------------------------------------------------+
| 711011 | Platinum : Unwrought or in powder form | | | |
+-----------+-------------------------------------------------+------------------------+-----------------------+--------------------------------------------------------------------------------+
| 71101110 | -- Unwrought form | Free | Restricted | However, import of platinum |
+-----------+-------------------------------------------------+------------------------+-----------------------+--------------------------------------------------------------------------------+
| 71101120 | -- In powder form | Free | Restricted | alloy of 99 percent or more |
+-----------+-------------------------------------------------+------------------------+-----------------------+--------------------------------------------------------------------------------+
| 71101900 | -- Platinum : Other | Free | Restricted | purity by weight of Platinum is |
| | | | | free. |
+-----------+-------------------------------------------------+------------------------+-----------------------+--------------------------------------------------------------------------------+
Effect of the Notification:
Import Policy of Platinum covered under ITC (HS) 71101110, 71101120 and 71101900 is revised from "Free" to "Restricted" except for platinum alloy of 99% or more purity by weight of Platinum.
This is issued with the approval of Minister of Commerce & Industry.
[F. No. 01/89/180/93/AM-24/PC-2(A) /E-42179]
SANTOSH KUMAR SARANGI, Director General of Foreign Trade &
Ex-officio Addl. Secy.