Amendment in Import Policy of Silver
DGFT notification Notification No. 7/2026-27 · 16 May 2026
Official title
Amendment in Import Policy of Silver covered under ITC (HS) codes 71069221 and 71069229 of Chapter 71 of ITC (HS), 2022, Schedule-I (Import Policy)
Official record
Open source pageSummary
Check the official recordWhat changed
The Directorate General of Foreign Trade has amended the import policy for silver bars classified under ITC (HS) codes 71069221 and 71069229. The import status for these items has been revised from 'Free' to 'Restricted'. Consequently, imports of these silver bars are now subject to the requirements specified in Policy Condition No. 7 of Chapter 71 of the ITC (HS) 2022, Schedule-I. This change is effective immediately.
What you must do
- Importers must comply with Policy Condition No. 7 of Chapter 71 of the ITC (HS) 2022, Schedule-I for the import of silver bars.
Key dates
- Effective from
- 16 May 2026
- Effective date of the policy amendment
- 16 May 2026
Document text
To be published in the Gazette of India Extraordinary Part-II, Section-3, and Sub-Section (ii)
Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Vanijya Bhawan, New Delhi
Notification No. 7/2026-27 New Delhi, Dated: May 16, 2026
Subject: Amendment in import policy of Silvercovered under ITC (HS) codes 71069221 and 71069229 of Chapter 71 of ITC (HS), 2022, Schedule - I (Import Policy)-reg.
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, 2023, as amended from time to time, the Central Government hereby amends the import policy of ITC (HS) code 71069221 and 71069229 covered under Chapter 71 of ITC (HS) 2022, Schedule - I (Import Policy) with immediate effect:
| ITC(HS) Code | Item description | Existing Import Policy | Existing Import Policy Condition | Revised Import Policy | Revised Import Policy Condition |
|---|---|---|---|---|---|
| 7106 | Silver (including silver plated with gold or platinum), unwrought or in semi manufactured forms, or in powder form. | - | - | - | - |
| 710692 | - Other : -- Semi-manufactured | - | - | - | - |
| 71069221 | Bar: Containing 99.9 percent or more by weight of silver | Free | Subject to RBI Regulations. | Restricted | Subject to Policy Condition No. 7 of this Chapter |
| 71069229 | Bar--- Other | Free | Subject to RBI Regulations. | Restricted | Subject to Policy Condition No. 7 of this Chapter |
Effect of the Notification: The Import Policy of items covered under ITC HS Code 71069221 and 71069229 are revised from "Free" to "Restricted" subject to Policy Condition No. 7 of Chapter 71 of ITC (HS) 2022, Schedule - I (Import Policy) with immediate effect.
This is issued with the approval of Minister of Commerce & Industry.
(Lav 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]/Part-VI/E-34691)
Source details
- Source
- Directorate General of Foreign Trade
- Type
- notification
- Published by source
- 16 May 2026
- Document number
- Notification No. 7/2026-27
- Issuing division
- Directorate General of Foreign Trade
- Effective date
- 16 May 2026
- Coverage area
- foreign-trade