Full Text
REGD. No. D. L.-33004/99
The Gazette of India
CG-DL-E-21052025-263255
EXTRAORDINARY
PART II—Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
No. 2183]
NEW DELHI, MONDAY, MAY 19, 2025/VAISAKHA 29, 1947
MINISTRY OF COMMERCE AND INDUSTRY
(Department of Commerce)
(Directorate General of Foreign Trade)
NOTIFICATION
New Delhi, the 19th May, 2025
No. 08/2025-26
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. 2237 (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) | Item Description | Import Policy | Policy Condition |
| Code | | | |
+=========+=======================================================================================+===============+===================================================================================================================================================================================================================================================================+
| 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 | Restricted | Import is allowed only through nominated agencies as |
| | cent. or more by | | notified by RBI (in case of banks), DGFT (for other |
| | weight of silver | | 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 | Free | Subject to RBI Regulations. |
| | percent or more by | | |
| | weight of silver | | |
+---------+---------------------------------------------------------------------------------------+---------------+-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------+
| 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: -- Deleted | Deleted | |
| | Other unwrought | | |
| | forms | | |
+---------+---------------------------------------------------------------------------------------+---------------+-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------+
| 71081210| Containing 99.5 | Restricted | 1. Import is allowed through: |
| | per cent. or more by | | (i) Nominated agencies as notified by RBI (in case of |
| | weight of gold | | 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: -- Deleted | Deleted | |
| | Other semi- | | |
| | manufactured forms | | |
+---------+---------------------------------------------------------------------------------------+---------------+-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------+
| 71081310| Containing 99.5 | Restricted | Import is allowed only through nominated agencies as |
| | per cent. or more by | | notified by RBI (in case of banks) and DGFT (for other |
| | weight of gold | | 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 | Free | - |
| | 99.0 per cent or more by weight of | | |
| | platinum | | |
+---------+---------------------------------------------------------------------------------------+---------------+-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------+
| 71101119|---Unwrought form: --- Other | Restricted | - |
+---------+---------------------------------------------------------------------------------------+---------------+-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------+
| 71101120|--- In powder form | Deleted | |
+---------+---------------------------------------------------------------------------------------+---------------+-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------+
| 71101121|In powder form: --- Containing | Free | - |
| |99.0 per cent. or more by weight | | |
| |of platinum | | |
+---------+---------------------------------------------------------------------------------------+---------------+-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------+
| 71101129|-- In powder form: --- other | Restricted | - |
+---------+---------------------------------------------------------------------------------------+---------------+-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------+
| 711019 |--Other | | |
+---------+---------------------------------------------------------------------------------------+---------------+-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------+
| 71101900|-Platinum:-- Other | Deleted | - |
+---------+---------------------------------------------------------------------------------------+---------------+-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------+
| 71101910|Containing 99.0 per cent. or | Free | - |
| |more by weight of platinum | | |
+---------+---------------------------------------------------------------------------------------+---------------+-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------+
| 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.
[F. No. 01/89/180/36/AM-11/PC-2[A]/Part-VII / E-34827]
AJAY BHADOO, Director General of Foreign Trade & Addl. Secy.