Govt tightens import rules for platinum jewellery

The government has tightened import rules for certain platinum jewellery by shifting it from the ‘Free’ to ‘Restricted’ category until April 30, 2026. Importers will now require DGFT licences. Similar curbs were earlier imposed on specific silver jewellery from Thailand

New Delhi: The government on Monday imposed import curbs on certain types of platinum jewellery till April next year.

In September, the government imposed restrictions on imports of certain silver jewellery till March 31 next year. The move was aimed at curbing imports of silver in the name of unstudded jewellery from Thailand. India has a free trade agreement with ASEAN (Association of South-East Asian Nations). Thailand is a member of this 10-nation group.

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The import policy of platinum jewellery is revised from Free to Restricted, with immediate effect till April 30, 2026″, the Directorate General of Foreign Trade (DGFT) said in the latest notification.

Importers now need a licence from the DGFT to import these goods.