DGFT amends Import Policy Condition of Silver
DGFT amends the current Import Policy Condition of silver under the HS Code 71069110 and 71069290. The amendment is the addition of Qualified Jewellers notified by the IFSCA for import through India International Bullion Exchange.
|
ITC (HS) Code |
Item Description |
Policy |
Existing Policy Condition |
Revised Policy Condition |
|
71069110 |
Grains |
Restricted |
Import is only allowed only through nominated agencies as notified by the RBI (in case of Banks) and DGFT (for other agencies). Silver dore can be imported by the refineries against a license with AU condition |
Import is only allowed only through nominated agencies as notified by the RBI (in case of Banks), DGFT (for other agencies) and by qualified jewellers as notified by the IFSCA for import through India International Bullion Exchange (IIBX). Silver dore can be imported by the refineries against a license with AU condition |
|
71069290 |
Others |
Restricted |
Import is only allowed only through nominated agencies as notified by the RBI (in case of Banks) and DGFT (for other agencies). |
Import is only allowed only through nominated agencies as notified by the RBI (in case of Banks), DGFT (for other agencies) and by qualified jewellers as notified by the IFSCA for import through India International Bullion Exchange (IIBX).
|
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