DGFT puts silver imports under restricted list; jewellery retailers face sourcing squeeze
Silver imports for domestic use now need prior DGFT approval, following customs duty hikes to 15% from 6%. Jewellery exporters, EOUs and SEZ units are exempt. Tanishq, Kalyan and Malabar face tighter sourcing as silver imports surged 149% to $12.05B in FY26 and April alone jumped 157% to $411M.
Silver imports for domestic use now need prior DGFT approval, following customs duty hikes to 15% from 6%. Jewellery exporters, EOUs and SEZ units are exempt. T
Financial Express · BrandWagon · 5/16/2026, 10:58:25 PM · Ask about this →