DGFT Revises Import Policy for Unstudded Platinum Jewellery

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Dated: 18.11.2025

DGFT Revises Import Policy for Unstudded Platinum Jewellery

The Government of India has recently issued a significant amendment to the import policy concerning unstudded platinum jewellery. This change, outlined in Notification No. 48/2025-26, was published by the Ministry of Commerce & Industry, Department of Commerce, Directorate General of Foreign Trade (DGFT) on November 17, 2025. Here’s everything you need to know about this update:

Key Details of the Notification

Subject: Amendment in Import Policy of ITC HS 71131921 under Chapter 71 of ITC (HS) 2022, Schedule-I (Import Policy).
Effective Date: Immediate effect from November 17, 2025.
Validity: The revised policy will remain in effect until April 30, 2026.

What Has Changed? 

The import policy for ITC HS Code 71131921, which pertains to unstudded platinum jewellery, has been revised:

Previous Policy: The import of unstudded platinum jewellery was categorized as “Free,” meaning it could be imported without restrictions.
Revised Policy: The import of unstudded platinum jewellery is now classified as “Restricted.” This implies that importers will require specific authorization or approval from the relevant authorities to import these items.

Impact of the Notification 

This amendment is expected to have a significant impact on the import of unstudded platinum jewellery into India. By changing the policy from “Free” to “Restricted,” the government aims to regulate the import of these items more closely. Importers dealing in platinum jewellery will now need to comply with additional requirements and obtain necessary permissions from the Directorate General of Foreign Trade (DGFT).

Why This Change?

While the notification does not explicitly state the reasons for this amendment, such changes are often implemented to:

Protect domestic industries and promote local manufacturing.
Regulate the inflow of precious metals to manage trade balances.
Ensure compliance with international trade agreements or policies.

What Should Importers Do?

Importers of unstudded platinum jewellery should take note of the revised policy and ensure they obtain the required authorization from DGFT before proceeding with imports. Non-compliance with the new regulations may lead to penalties or restrictions.

Conclusion

This policy change reflects the government’s proactive approach to managing foreign trade and regulating the import of precious metals. Stakeholders in the jewellery industry should stay updated on such notifications to ensure smooth business operations and compliance with the law.

In case you face any issues related to Indirect Tax-Customs, GST, Foreign Trade Policy (FTP), Arbitration matters and Central Licensing and related advisory matters in India then please feel free to get in touch with SJ EXIM Services.

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Source: DGFT

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