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Core Purpose

This notification amends the import policy for ITC (HS) codes 71131144 and 71131145, revising it from 'Free' to 'Restricted' until June 30, 2026.

Detailed Summary

The Ministry of Commerce and Industry (Department of Commerce), Directorate General of Foreign Trade, issued Notification No. 63/2025-26 (S.O. 1361 (E)) on March 16, 2026. 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, the Central Government has amended the import policy for ITC (HS) codes 71131144 and 71131145. These codes, covering "Other Jewellery: Studded with diamonds of heading 7104" and "Other Jewellery: Studded with other precious and semiprecious stones" respectively, under Chapter 71 of ITC (HS) 2022, Schedule - I (Import Policy), have their import policy revised from "Free" to "Restricted." This amendment is effective immediately and applies for the period up to June 30, 2026. 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-16032026-270987 EXTRAORDINARY PART II-Section 3-Sub-section (ii) PUBLISHED BY AUTHORITY No. 1302] NEW DELHI, MONDAY, MARCH 16, 2026/PHALGUNA 25, 1947 MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) NOTIFICATION New Delhi, the 16th March, 2026 No. 63/2025-26 Subject: Amendment in import policy of ITC (HS) code 71131144 and 71131145 covered under Chapter 71 of ITC (HS), 2022, Schedule - I (Import Policy)-reg. S.O. 1361 (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 71131144 and 71131145 covered under Chapter 71 of ITC (HS) 2022, Schedule - I (Import Policy) for the period up to 30.06.2026 with immediate effect: +-----------+-------------------------------------------------------------+-------------------+-----------------+ | ITC(HS) | Item description | Existing | Revised | | Code | | Import Policy | Import Policy | +===========+=============================================================+===================+=================+ | 7113 | Articles of jewellery and parts thereof, of precious metal | | | | | or of metal clad with precious metal. | | | +-----------+-------------------------------------------------------------+-------------------+-----------------+ | 711311 | -Of precious metal whether or not plated or clad with | | | | | precious metal : -Of silver, whether or not plated or | | | | | clad with other precious metal | | | +-----------+-------------------------------------------------------------+-------------------+-----------------+ | 71131144 | ----Other Jewellery: ----Studded with diamonds of heading | Free | Restricted | | | 7104 | | | +-----------+-------------------------------------------------------------+-------------------+-----------------+ | 71131145 | ----Other Jewellery: ----Studded with other precious and | Free | Restricted | | | semiprecious stones | | | +-----------+-------------------------------------------------------------+-------------------+-----------------+ Effect of the Notification: The Import Policy of items covered under ITC HS Code 71131144 and 71131145 is revised from "Free" to "Restricted", for the period up to 30.06.2026 with immediate effect. This is issued with the approval of the Minister of Commerce & Industry. [F. No. 01/89/180/36/AM-11/PC-2[A]/E-1678] LAV AGARWAL, Director General of Foreign Trade & Ex-officio Addl. Secy.

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