India tightens silver import rules, jewellery chains face supply squeeze
DGFT shifted 99%+ purity silver bars from 'free' to 'restricted' category, mandating import licences. Move follows duty hike from 6% to 15% and targets a 42% volume surge routed via UAE CEPA's 7% concessional rate. Tanishq, Kalyan, Malabar exposed as $12.1bn silver import channel narrows.
DGFT shifted 99%+ purity silver bars from 'free' to 'restricted' category, mandating import licences. Move follows duty hike from 6% to 15% and targets a 42% vo
Times of India · Business · 5/16/2026, 10:07:06 PM · Ask about this →