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The Central Government amends the import policy for platinum under specific ITC codes from Free to Restricted. Importers follow the restricted policy for platinum covered under HS codes 71101110, 71101120, and 71101900. An exception applies to the import of platinum alloy with ninety-nine percent or more purity by weight of platinum, which remains free.
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To be published in the Gazette of India Extraordinary Part-II, Section-3, Sub-Section (ii)
Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Vanijya Bhawan
Notification No. [unclear in source]/2024-25
New Delhi, Dated: $05^{\text{th}}$ 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. (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:
| 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)
