May 2026 | Source: DGFT
OVERVIEW:
DGFT has changed import status of silver bars from "Free" to "Restricted" under ITC HS Codes 71069221 & 71069229.
KEY HIGHLIGHTS:
- Silver imports now Restricted category
- ITC HS Code: 71069221 & 71069229
- Policy Condition No. 7 applies
- Importers must obtain prior approval
- Affects silver bar importers only
- Jewellery imports unaffected
WHO IS AFFECTED:
Silver bar importers, bullion traders, jewellery manufacturers importing silver.
Source: DGFT Notification | dgft.gov.in