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Core Purpose

This notification amends the import policy for ITC (HS) code 71141920, specifically for Articles of platinum, by changing it from 'Free' to 'Restricted' with immediate effect.

Detailed Summary

The Ministry of Commerce and Industry, Department of Commerce, Directorate General of Foreign Trade, through Notification No. 58/2025-26, S.O. 577(E), dated 5th February, 2026, has amended the import policy of ITC (HS) code 71141920, which covers Articles of platinum, under Chapter 71 of ITC (HS) 2022, Schedule - I (Import Policy). This amendment, issued in exercise of powers conferred by Section 3 and Section 5 of the Foreign Trade (Development & Regulation) Act, 1992, read with paragraphs 1.02 and 2.01 of the Foreign Trade Policy, 2023, introduces Policy Condition No. 6 in Chapter 71. This condition declares the import of Platinum Articles as 'Restricted'. However, specific categories of import remain 'Free': re-import of Indian origin goods for overseas exhibitions or export promotion tours, re-import of Indian origin goods that are rejected/returned/unsold, and re-import of Indian origin goods intended for repair. Consequently, the import policy for ITC(HS) Code 71141920, previously 'Free', is now 'Restricted', subject to Policy Condition No. 6 of this Chapter, effective immediately. The notification was issued with the approval of the Minister of Commerce & Industry and signed by Lav Agarwal, Director General of Foreign Trade & Ex-officio Addl. Secy.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-07022026-269873 EXTRAORDINARY PART II—Section 3—Sub-section (ii) PUBLISHED BY AUTHORITY No. 547] NEW DELHI, THURSDAY, FEBRUARY 5, 2026/MAGHA 16, 1947 MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) NOTIFICATION New Delhi, the 5th February, 2026 No. 58/2025-26 Subject: Amendment in import policy of ITC (HS) code 71141920 covered under Chapter 71 of ITC (HS), 2022, Schedule - I (Import Policy) - Reg. S.O. 577(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, 2023, as amended from time to time, the Central Government hereby amends the import policy of ITC (HS) code 71141920 covered under Chapter 71 of ITC (HS) 2022, Schedule - I (Import Policy) with immediate effect : 1. Policy Condition No. 6 of Chapter 71 is introduced as under: The import of Platinum Articles is 'Restricted'. However, the following categories of Import of Platinum Articles shall be 'Free.' a) Re-import of Indian origin goods that have been carried for overseas exhibitions or export promotion tours. b) Re-import of Indian origin goods that are rejected/returned/unsold. c) Re-import of Indian origin goods intended for repair. 2. The import Policy of the ITCHS Code 71141920 is amended as under: +--------------+---------------------------------------------------------------------------------------------------------------------------------+------------------------+---------------------------+-----------------------+-----------------------------------------------+ | ITC(HS) Code | Item description | Existing Import Policy | Existing Policy Condition | Revised Import Policy | Revised Policy Condition | +==============+=================================================================================================================================+========================+===========================+=======================+===============================================+ | 7114 | Articles of goldsmiths or silversmiths wares and parts thereof, of precious metal or of metal clad with precious metal. | - | - | - | - | +--------------+---------------------------------------------------------------------------------------------------------------------------------+------------------------+---------------------------+-----------------------+-----------------------------------------------+ | 711419 | Of precious metal whether or not plated or clad with precious metal : Of other precious metal, whether or not plated or clad with | - | - | - | - | | | precious metal | | | | | +--------------+---------------------------------------------------------------------------------------------------------------------------------+------------------------+---------------------------+-----------------------+-----------------------------------------------+ | 71141920 | Articles of platinum | Free | - | Restricted | Subject to Policy Condition No. 6 of this Chapter | +--------------+---------------------------------------------------------------------------------------------------------------------------------+------------------------+---------------------------+-----------------------+-----------------------------------------------+ Effect of the Notification: The Import Policy of items covered under ITC HS Code 71141920 is revised from "Free" to "Restricted", subject to Policy Condition No. 6 of Chapter 71, with immediate effect. This is issued with the approval of the Minister of Commerce & Industry. [F. No. 01/89/180/93/AM-24/PC-2(A)/E-42179)] LAV AGARWAL, Director General of Foreign Trade & Ex-officio Addl. Secy.

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