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Dated: 26.09.2025

DGFT Amends Import Policy for Specific Jewellery Items under Chapter- 71

The Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce & Industry, has issued Notification No. ​ 34/2025-26, introducing significant changes to the import policy for specific jewellery items under Chapter 71 of the ITC (HS) 2022 Schedule-I (Import Policy). These amendments are effective immediately and will remain in force until March 31, 2026. ​

Key Highlights of the Notification

1. Affected ITC (HS) Codes:
   • 71131141: Unstudded jewellery made of silver, whether or not plated or clad with other precious metals. ​
   • 71131149: Other jewellery made of silver, whether or not plated or clad with other precious metals. ​
2. Policy Change:
   • The import policy for the above-mentioned ITC (HS) codes has been revised from “Free” to “Restricted”. ​
3. Implications:
   • Importers of these specific jewellery items will now require prior approval or authorization from the relevant authorities to bring these goods into India. ​

Effect of the Notification ​

This policy amendment aims to regulate the import of silver jewellery and related items, ensuring better oversight and control over the trade of precious metals. ​ The restriction is likely to impact businesses dealing in silver jewellery imports, encouraging domestic production and reducing dependency on foreign markets. ​

Background

The notification has been issued under the powers conferred by Section 3 and Section 5 of the Foreign Trade (Development & Regulation) Act, 1992, and in alignment with the Foreign Trade Policy 2023. ​ The decision reflects the government’s commitment to fostering a balanced trade environment and supporting local industries.

What Importers Need to Know

Importers dealing with ITC (HS) codes 71131141 and 71131149 must now apply for authorization to continue their operations. ​ This change is expected to streamline the import process and ensure compliance with the revised policy.

Conclusion

The amendment in the import policy for silver jewellery is a significant step by the Government of India to regulate the trade of precious metals. ​ Businesses involved in the import of these items should take immediate action to align with the new requirements. ​ For further details or assistance, stakeholders can contact the Directorate General of Foreign Trade at dgft@nic.in.

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Source: DGFT

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