DGFT Tightens Import Policy for Silver: New Authorisation Requirements for Silver Powder and Grains

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Dated: 03.06.2026

DGFT Tightens Import Policy for Silver: New Authorisation Requirements for Silver Powder and Grains

The Government of India has recently announced significant amendments to the import policy conditions for specific silver-related items under Chapter 71 of the ITC (HS), 2022, Schedule-I (Import Policy). This move, published via Notification No. 19/2026-27 by the Directorate General of Foreign Trade (DGFT), aims to enhance regulatory oversight and streamline the import process for silver and its related forms.

Overview of the Amendment

The amendments are enacted under the powers conferred by the Foreign Trade (Development & Regulation) Act, 1992, and are aligned with the Foreign Trade Policy, 2023. The changes are effective immediately and specifically target certain ITC HS Codes related to silver, including unwrought silver, silver powder, and silver grains.

Key Changes in Import Policy Conditions

The notification details revised import policy conditions for the following ITC HS Codes:

7106: Silver (including silver plated with gold or platinum), unwrought or in semi-manufactured forms, or in powder form.
71061000: Silver powder
- Previous Policy: Import was allowed only through nominated agencies as notified by the Reserve Bank of India (RBI) for banks and by the DGFT for other agencies.
- Revised Policy: Imports through nominated agencies notified by the RBI (for banks) and by the DGFT (for other agencies) are now permitted only against a valid Import Authorisation issued by the DGFT.
710691: Other unwrought silver
71069110: Silver grains
- Previous Policy: Import was allowed only through nominated agencies.
- Revised Policy: Imports through nominated agencies notified by the RBI (for banks) and by the DGFT (for other agencies) are permitted only against a valid Import Authorisation issued by the DGFT.

Implications for Importers

These amendments introduce a stricter regulatory framework for the import of silver and its forms:

Import Authorisation Requirement: All imports of silver powder and grains must now be backed by a valid Import Authorisation from the DGFT, even if routed through nominated agencies.
Enhanced Oversight: The dual notification requirement (by RBI for banks and DGFT for other agencies) ensures that only authorized entities can import these items, reducing the risk of unauthorized or illegal imports.
Immediate Effect: The changes are effective immediately, requiring importers to comply with the new conditions without delay.

Steps for Compliance

Importers dealing with silver powder or grains should:

Check Agency Status: Ensure their agency is nominated and notified by the RBI (for banks) or DGFT (for other agencies).
Obtain Import Authorisation: Apply for and secure a valid Import Authorisation from the DGFT before initiating imports.
Stay Updated: Monitor further notifications from the DGFT or RBI for any additional changes or clarifications.

Conclusion

The Government of India’s amendments to the import policy for silver-related items reflect a commitment to tighter regulation and transparency in precious metal imports. Importers must adapt to these new requirements to ensure compliance and avoid disruptions in their business operations.

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Source: DGFT

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