India caps duty-free gold imports at 100kg per licence; 50% export obligation tightens jewellery sourcing
DGFT restricts advance authorisation gold imports to 100kg per licence with mandatory 50% export fulfilment before reissue, a day after hiking gold/silver duty to 15%. Move follows FY26 gold imports hitting $71.98bn (721 tonnes, +24% YoY) and squeezes working capital for Tanishq, Kalyan, Malabar and exporters.
India caps duty-free gold imports at 100kg per licence under advance authorisation scheme, mandates 50% export fulfilment before reissue, and tightens DGFT inspections, a day after raising gold/silver duty to 15% — directly impacting jewellery exporters and retailers.