India Tightens Silver Import Rules, DGFT Nod Now Mandatory After 157% Surge
Government mandates DGFT authorisation for silver imports routed via banks, RBI-nominated agencies and IIBX qualified jewellers. Move follows 15% duty hike after April imports surged 157% YoY to $411M. Tanishq, Kalyan and other jewellery retailers face tighter sourcing as FY26 imports near $12B.
Government mandates DGFT authorisation for silver imports routed via banks, RBI-nominated agencies and IIBX qualified jewellers. Move follows 15% duty hike afte
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