Directorate General of Foreign Trade (DGFT) has amended India’s import policy for platinum under HS Code 7110, as per Notification No. 60/2024-25 dated March 5, 2025. The revision, issued under the Foreign Trade (Development & Regulation) Act, 1992, modifies the import classification for certain platinum products under Chapter 71 of ITC (HS) 2022, Schedule I. Under the new policy, the import of unwrought platinum (71101110), platinum in powder form (71101120), and other forms of platinum (71101900) has been changed from “Free” to “Restricted.” However, an exception has been made for platinum alloy containing 99% or more purity by weight of platinum, which will continue to have unrestricted import status. This policy change imposes stricter import controls on most platinum categories, requiring specific authorization for imports except for high-purity platinum alloys.
Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Vanijya Bhawan
Notification No.60/2024-25-DGFT | Dated: 05th March, 2025
Subject: Amendment in Import Policy and Policy Condition of Platinum covered under HS Code 7110 of Chapter 71 of ITC (HS) 2022, Schedule —I (Import Policy).
S.O. 1085(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(FTP) 2023, as amended from time to time, the Central Government hereby makes the following amendments under Chapter 71 of ITC (HS), 2022, Schedule — I (Import Policy), as under:
2. The Import Policy and Policy Condition of the following ITC (HS) Codes is amended as under:
| ITC(HS) Code |
Description | Existing Import Policy |
Revised Import Policy |
Revised Import Policy Condition |
| 7110 | Platinum, Unwrought or in semi manufactured forms, or in powder form. | |||
| 711011 | – Platinum : — Unwrought or in powder form | |||
| 71101110 | — Unwrought form | Free | Restricted | However, import of platinum alloy of 99 percent or more purity by weight of Platinum is free. |
| 71101120 | — In powder form | Free | Restricted | |
| 71101900 | — Platinum : — Other | Free | Restricted | |
Effect of the Notification:
Import Policy of Platinum covered under ITC (HS) 71101110, 71101120 and 71101900 is revised from “Free” to “Restricted” except for platinum alloy of 99% or more purity by weight of Platinum.
This is issued with the approval of Minister of Commerce & Industry.
(Santosh Kumar Sarangi)
Director General of Foreign Trade &
Ex-officio Addl. Secretary to Govt. of India
Email: dgft@nic.in
(Issued from File No. 01/89/180/93/AM-24/PC-2(A) /E-42179)
