DGFT shifts silver imports to restricted list, jewellery chains face supply squeeze
Government moves silver bars and semi-manufactured silver from free to restricted category, mandating approvals alongside the 15% import duty and tighter Advance Authorisation norms. Jewellery retailers Tanishq, Kalyan and Malabar face margin pressure as inflows tighten amid $71.98B gold import surge.
Government shifts silver bars, unwrought and semi-manufactured silver imports from free to restricted category, requiring approvals. Move follows raised duties on gold/silver to 15% and tighter Advance Authorisation norms, directly impacting jewellery retailers like Tanishq, Kalyan, Malabar.