India puts silver grains, powder under restricted list; DGFT nod now mandatory for imports
DGFT has moved 99.9%-purity silver grains and powder to the restricted import list, mandating prior approval. The curbs follow a 15% duty hike and target record FY26 silver imports of $12B (up 157% YoY), squeezing jewellery retailers and bullion dealers reliant on duty-free routing.
DGFT has moved 99.9%-purity silver grains and powder to the restricted import list, mandating prior approval. The curbs follow a 15% duty hike and target record
Times of India · Business · 6/2/2026, 3:00:36 PM · Ask about this →