India mandates DGFT approval for silver imports, squeezing jewellers as inbound shipments hit $12B
DGFT now requires prior authorisation for imports of 99.9% pure silver in grain, powder and unwrought forms. The clampdown follows a 15% tariff hike and targets a 157% YoY surge that pushed FY26 silver imports to $12B versus $4.8B prior. Jewellery retailers like Tanishq and bullion-linked investment products face tighter sourcing.
DGFT requires prior approval for 99.9% pure silver imports after a 157% YoY surge pushed FY26 inbound shipments to $12B, squeezing jewellers.
The Hindu BusinessLine · 6/2/2026, 2:37:05 PM · Ask about this →