The Directorate General of Foreign Trade (DGFT), through Notification No. 19/2026-27 dated 2 June 2026, amended the import policy conditions for specified silver-related items under Chapter 71 of ITC (HS), 2022 with immediate effect. The amendment covers ITC(HS) Codes 71061000 (silver powder), 71069110 (silver grains), 71069120 (silver containing 99.9% or more by weight), and 71069190 (other unwrought silver). Under the revised policy, imports by nominated agencies notified by the Reserve Bank of India in the case of banks, by DGFT in the case of other agencies, and by qualified jewellers notified by the International Financial Services Centres Authority (IFSCA) for imports through the India International Bullion Exchange (IIBX), wherever permitted, will now require a valid Import Authorisation issued by the DGFT. The existing restrictions on imports remain, including provisions relating to silver dore imports by refineries against a licence with Actual User (AU) condition. The notification took effect immediately upon issuance.
Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Vanijya Bhawan, New Delhi
Notification No. 19/2026-27- DGFT | Dated: 02th June, 2026
Subject: Amendment in import policy condition of specific ITC HS Codes covered under Chapter 71 of ITC (HS), 2022, Schedule – I (Import Policy)-reg.
S.O. 2809(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 condition of specific ITC HS Codes covered under Chapter 71 of ITC (HS), 2022, Schedule – I (Import Policy) with immediate effect:
| ITC(HS) Code | Item description | Import Policy | Existing Import Policy Condition | Revised Import Policy Condition |
| 7106 | Silver (including silver plated with gold or platinum), unwrought or in semi manufactured forms, or in powder form. | – | – | – |
| 71061000 | – Powder | Restricted | Import is allowed only through nominated agencies as notified by RBI (in case of banks) and DGFT (for other agencies). |
Imports through nominated agencies notified by the Reserve Bank of India, in the case of banks, and by the Directorate General of Foreign Trade, in the case of other agencies, shall be permitted only against a valid Import Authorisation issued by the DGFT. |
| 710691 | – Other :– Unwrought: | – | – | – |
| 71069110 | — Grains | Restricted | Import is allowed
only through Silver dore can be imported by refineries against a license with AU Condition. |
Imports through
nominated agencies notified by the Reserve Bank of India, in the case of banks, and by the Directorate General of Foreign Trade, in the case of other agencies, and by qualified jewellers as notified by the IFSCA for import through India International Bullion Exchange (IIBX) shall be permitted only against a valid Import Authorisation by the DGFT. Silver dore can be imported by refineries against a license with AU Condition. |
| 71069120 | Containing 99.9 per cent. or more by weight of silver | Restricted | Import is allowed only through nominated agencies as notified by RBI (in case of banks), DGFT (for other agencies) and by qualified jewellers as notified by the IFSCA for import through International Bullion India Exchange (IIBX) | Imports through nominated agencies notified by the Reserve Bank of India, in the case of banks, by the Directorate General of Foreign Trade, in the case of other agencies, and by qualified jewellers as notified by the IFSCA for import through India International Bullion Exchange (IIBX) shall be permitted only against a valid Import Authorisation issued by the DGFT. |
| 71069190 | — Other | Restricted | Import is allowed only through nominated agencies as notified by RBI (in case of banks) and DGFT (for other agencies). Silver dore can be imported by refineries against a license with AU condition | Import through nominated agencies notified by the Reserve Bank of India, in the case of banks, and by the Directorate General of Foreign Trade, in the case of other agencies, shall be permitted only against a valid Import Authorisation issued by the DGFT.
Silver dore can be imported by refineries against a license with AU condition |
Effect of the Notification: Import of items under the above mentioned ITCHS codes, through nominated agencies notified by the Reserve Bank. of India, in the case of banks, by the Directorate General of Foreign Trade, in the case of other agencies, and by qualified jewellers as notified by the IFSCA for import through India International Bullion Exchange (IIBX), wherever allowed, shall be permitted only against a valid Import Authorisation issued by the DGFT.
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: dgftanic.in
(Issued from File No. 01/89/180/36/AM-11/PC-2[A]/Part-VI/E-34691)
