The Directorate General of Foreign Trade (DGFT), under Notification No. 03/2026-27 dated 2 April 2026, has amended the import policy for items under Chapter 71 of ITC (HS) 2022 with immediate effect. Several items including gold- and silver-related articles, platinum products, and precious metal goods have been shifted from “Free” to “Restricted” import status, subject to newly introduced Policy Condition No. 7. This condition exempts imports by Export Oriented Units (EOUs), Special Economic Zones (SEZs), and export-linked schemes, provided such goods are not diverted to the Domestic Tariff Area. The notification also imposes restrictions based on composition thresholds, such as platinum alloys containing more than 1% gold. Importantly, the benefit of transitional arrangements under the Foreign Trade Policy, 2023 has been expressly denied, making the restrictions applicable immediately regardless of prior contracts, letters of credit, or shipment status.
MINISTRY OF COMMERCE AND INDUSTRY
(Department of Commerce)
(DIRECTORATE GENERAL OF FOREIGN TRADE)
Notification No. 03/2026-27-DGFT | Dated : 2nd April, 2026
Subject: Amendment in Import Policy and Policy conditions of items covered under Chapter 71 of ITC (HS) 2022, Schedule-I (Import Policy)-reg.
S.O. 1732(E).—In exercise of powers conferred by Section 3 and Section 5 of Foreign Trade (Development & Regulation) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy, 2023, as amended from time to time, the Central Government hereby makes the following amendments under Chapter 71 of Schedule-1(Import Policy) of ITC (HS) 2022with immediate effect:
2. Policy Condition no. 07 of the Chapter 71 is introduced as under:
“ Imports by 100% Export Oriented Units and units located in Special Economic Zones (SEZs) shall not be subject to the above restrictions as per Para 6.01(d) of FTP, 2023 and under Rule 27 of the Special Economic Zones (SEZ) Rules, 2006 respectively, provided such imported goods are not sold into the Domestic Tarifff Area (DTAs). Further, imports under the schemes for export of Gems and Jewellery under Chapter-4 of FTP, 2023 shall also be exempt from these restrictions.”
3. The Import Policy of the following ITC (HS) codes is amended as under:
| ITC(HS) Code | Item description | Existing Import Policy |
Revised Import Policy |
Existing Import Policy Condition | Revised Import Policy Condition |
| 71090000 | Base metals or silver, clad with gold, not further worked than semi- manufactured. | Free | Restricted | – | Subject to Policy Condition No. 7 of this Chapter. |
| 7110 | Platinum, unwrought or in semi-manufactured forms, or in powder form. | ||||
| 711011 | – Platinum : — Unwrought or in powder form | ||||
| 71101119 | — Unwrought form: — Other | Restricted | Free | – | However, import of Platinum alloy consisting of gold more than 1 percent (1%) by weight is Restricted. |
| 71101129 | — In powder form: — other | Restricted | Free | – | However, import of Platinum alloy consisting of gold more than 1 percent (1%) by weight is Restricted. |
| 71101990 | — Other | Restricted | Free | – | However, import of Platinum alloy consisting of gold more than 1 percent (1%) by weight is Restricted. |
| 71110000 | Base metals, silver or gold, clad with platinum, not further worked than semi- manufactured | Free | Free | – | However, import of
item with Silver or Gold more than 1% by weight is “Restricted”. |
| 7114 | Articles of goldsmiths or silversmiths wares and parts thereof, of precious metal or of metal clad with | ||||
| 711411 | – Of precious metal whether or not plated or clad with precious metal : – – Of silver, whether or not plated or clad with other precious metals | ||||
| 71141110 | — Articles | Free | Restricted | – | Subject to Policy Condition No. 7 of this Chapter. |
| 71141120 | — Parts | Free | Restricted | – | Subject to Policy Condition No. 7 of this Chapter. |
| 711419 | -Of precious metal whether or not plated or clad with precious metal : — Of other precious metal, whether or notplated or clad with precious metals | ||||
| 71141910 | — Articles of gold | Restricted | Restricted | Subject to Policy Condition No. 7 of this Chapter. | |
| 71141920 | — Articles of platinum | Restricted | Restricted | Subject to Policy Condition No. 6 of this Chapter. | Subject to Policy Condition No. 7 of this Chapter. |
| 71141930 | — Parts | Free | Restricted | Subject to Policy Condition No. 7 of this Chapter. | |
| 711420 | -Of base metal clad with precious metal : | ||||
| 71142010 | — Articles clad with gold | Free | Restricted | – | Subject to Policy Condition No. 7 of this Chapter. |
| 71142020 | — Other articles | Free | Restricted | – | Subject to Policy Condition No. 7 of this Chapter. |
| 71142030 | — Parts | Free | Restricted | – | Subject to Policy Condition No. 7 of this Chapter. |
| 7115 | Other articles of precious metal or of metal clad with precious metal | ||||
| 71151000 | -Catalysts in the form Of wire cloth or grill, of Platinum | Free | Restricted | – | Subject to Policy Condition No. 7 of this Chapter. |
| 711590 | -Other | ||||
| 71159010 | — Laboratory and industrial articles of precious metals |
Free | Restricted | – | Subject to Policy Condition No. 7 of this Chapter. |
| 71159020 | — Spinnerets made mainly of gold | Free | Restricted | – | Subject to Policy Condition No. 7 of this Chapter. |
| 71159090 | — Other | Free | Restricted | – | Subject to Policy Condition No. 7 of this Chapter. |
| 71181000 | -Coin (Other than gold Coin), not being legal tender | Free | Restricted | – | Subject to Policy Condition No. 7 of this Chapter. |
2. Notwithstanding anything contained in Para 1.05(b) of the Foreign Trade Policy, 2023, (FTP) or any other provision, the benefit of transitional arrangements shall not apply to the restrictions imposed under this Notification.
3. The import policy as amended above shall come into force with immediate effect and shall apply irrespective of any prior contract, irrevocable letter of credit, advance payment, or shipment status.
Effect of the Notification: The Import Policy and Policy Condition of items as mentioned above covered under Chapter 71 of ITC HS, 2022, Schedule-I (Import Policy)is revised as mentioned above with immediate effect. These restrictions shall apply notwithstanding Para 1.05(b) of FTP 2023 and shall operate irrespective of any prior contract, irrevocable letter of credit, advance payment, shipment status, or any other commitment whatsoever. Accordingly, the benefit of transitional arrangements shall not be available.
This is issued with the approval of the Minister of Commerce & Industry.
[F. No. 01/89/180/36/AM-11/PC-2[A]/E-1678]
LAV AGARWAL, Director General of Foreign Trade & Ex-officio Addl. Secy.
