DGFT caps duty-free gold imports at 100 kg as bullion levy doubles to 18.45%
Government tightens Advance Authorisation scheme with a 100 kg ceiling after raising gold and silver import duty to 15% from 6%. Total bullion levy now 18.45%, squeezing margins for Tanishq, Kalyan and listed jewellery retailers as FY26 gold imports hit $71.98B despite 4.76% volume decline.
Government capped duty-free gold imports under Advance Authorisation scheme at 100 kg following a sharp duty hike to 15%, tightening compliance for jewellery exporters. Total bullion levy doubled to 18.45%, directly impacting Tanishq, Kalyan and other Indian jewellery retailers.