Follow Us:

The Government of India, through the Directorate General of Foreign Trade (DGFT), has issued Notification No. 63/2025-26 dated 16 March 2026, amending the import policy for certain jewellery items under Chapter 71 of ITC (HS) 2022. Specifically, the import policy for items classified under ITC (HS) Codes 71131144 and 71131145, covering silver jewellery studded with diamonds or other precious and semi-precious stones, has been changed from “Free” to “Restricted.” Earlier, these items could be imported without specific authorization; however, under the revised policy, imports will now require government authorization or licensing. The change has been introduced under the powers granted by the Foreign Trade (Development & Regulation) Act, 1992, read with the Foreign Trade Policy 2023. The restriction will remain effective until 30 June 2026. The measure aims to regulate imports of certain studded jewellery products and strengthen oversight in the precious metals and gems trade sector while aligning with India’s broader trade and regulatory objectives.

Government of India
Ministry of Commerce & Industry
Department of Commerce
Vanijya Bhawan, New Delhi

Notification No. 63/2025-26-DGFT | Dated: 16th March, 2026

Subject: Amendment in import policy of ITC (HS) code 71131144 and 71131145 covered under Chapter 71 of ITC (HS), 2022, Schedule – I (Import Policy)-reg.

S.O. 1361 (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 amends the import policy of ITC (HS) code 71131144 and 71131145 covered under Chapter 71 of ITC (HS) 2022, Schedule – I (Import Policy) for the period up to 30.06.2026 with immediate effect:

ITC(HS) Code Item description Existing
Import
Policy
Revised Import Policy
7113 Articles of jewellery and parts thereof, of precious metal or of metal clad with precious metal.
711311 -Of precious metal whether or not plated or clad with precious metal : — Of silver, whether or not plated or clad with other precious metal
71131144 — Other Jewellery: —-Studded with diamonds of heading 7104 Free Restricted
71131145 — Other Jewellery: —-Studded with other precious and semiprecious stones Free Restricted

Effect of the Notification: The Import Policy of items covered under ITC HS Code 71131144 and 71131145 is revised from “Free” to “Restricted”, for the period up to 30.06.2026 with immediate effect.

This is issued with the approval of the Minister of Commerce & Industry.

(Lay Agarwal)
Director General of Foreign Trade &
Ex-officio Addl. Secretary to Govt. of India
Email: dgft@nic.in

(Issued from File No. 01/89/180/36/AM-11/PC-2[A]/E-1678)

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Ads Free tax News and Updates
Search Post by Date
April 2026
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
27282930