Home India Ministry of Commerce and Industry Amendment in Import Policy and Policy conditions of items co...
Date: 2026-04-02 Category: Extra Ordinary State: Union Government Country: India

Amendment in Import Policy and Policy conditions of items covered under Chapter 71 of ITC HS 2022 Schedule I Import Policy reg

Issued by Ministry of Commerce and Industry · Directorate General of Foreign Trade

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Executive Summary & Key Takeaways

**Executive Summary** This report summarizes Notification No. 03/2026-27 issued by the Ministry of Commerce and Industry on April 2, 2026. The document amends the import policy and conditions for items under Chapter 71 of the ITC (HS) 2022, effectively shifting several precious metal categories from "Free" to "Restricted." These changes are effective immediately and supersede any existing transitional arrangements or prior contractual commitments. **Key Points / Main Content** **New Policy Conditions (Condition No. 07)** * **Exemptions for Export Units:** 100% Export Oriented Units (EOUs) and units in Special Economic Zones (SEZs) are exempt from these new import restrictions. * **DTA Restriction:** The exemption for EOUs and SEZs applies only if the imported goods are not sold into the Domestic Tariff Area (DTA). * **Export Schemes:** Imports under the Gems and Jewellery export schemes (Chapter 4 of FTP 2023) are also exempt from these restrictions. **Changes in Import Categorization** * **Shift to Restricted:** Items such as base metals/silver clad with gold (71090000), various articles of goldsmiths (7114), laboratory/industrial precious metal goods (7115), and non-legal tender coins (71181000) have moved from "Free" to "Restricted." * **Platinum Liberalization:** Certain platinum forms (71101119, 71101129, 71101990) moved from "Restricted" to "Free," provided the alloy does not contain more than 1% gold by weight. * **Gold/Silver Weight Limits:** Imports of base metals clad with platinum (71110000) remain "Free" unless they contain more than 1% silver or gold by weight. **Immediate Implementation and Enforcement** * **No Transitional Relief:** The benefits of transitional arrangements (under Para 1.05(b) of FTP 2023) are explicitly denied for these changes. * **Contractual Irrelevance:** The restrictions apply regardless of prior contracts, irrevocable letters of credit, advance payments, or current shipment status. **Impact Analysis** **General Importers of Precious Metals and Articles** **Impact** Importers are facing immediate restrictions on various gold-clad metals, goldsmith wares, and catalysts that were previously "Free" to import. The denial of transitional arrangements means goods currently in transit or under existing letters of credit are subject to the new "Restricted" status. **Action Required** Importers must immediately stop the import of restricted items unless they hold valid licenses. They must review all pending shipments and financial commitments for compliance with the new immediate-effect policy. **100% Export Oriented Units (EOUs) and SEZ Units** **Impact** These units are largely insulated from the new restrictions, allowing them to continue importing necessary materials for export production. **Action Required** Units must ensure strict inventory and sales controls to guarantee that no imported materials under these categories are diverted to the Domestic Tariff Area (DTA), as this would violate the exemption conditions. **Platinum Alloy Importers** **Impact** Importers of platinum in unwrought or powder forms benefit from a shift to "Free" status, provided the gold content is minimal. **Action Required** Importers must verify the metallurgical composition of platinum alloys to ensure gold content remains at or below 1% by weight to qualify for the "Free" import policy.

Key Entities Referenced

ITC (HS), 2022: The Indian Trade Classification system whose Schedule-I (Chapter 71) import policies for precious metals and jewellery items are amended by this notification. Foreign Trade Policy, 2023: The primary national policy framework providing the context and specific paragraphs under which these import amendments and exemptions are governed. Foreign Trade (Development & Regulation) Act, 1992: The principal legislation that grants the Central Government the authority (under Sections 3 and 5) to regulate and amend the country's import policy. Directorate General of Foreign Trade (DGFT): The primary regulatory body under the Ministry of Commerce and Industry responsible for issuing and implementing this trade notification. Special Economic Zones (SEZs): Designated enclaves whose units are exempted from the new import restrictions, provided the imported goods are not sold in the Domestic Tariff Area.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-02042026-271545 CG-DxLx-xEG-I0D2H0x4x2x0 26-271545 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 1667] िई ददल्ली बृहस्ट्प जतवार, अप्रैल 2, 2026/चत्रै 12, 1948 13, 1947 26/पौष 17, 1947 No. 1667] NEW DELHI, THURSDAY, APRIL 2, 2026/CHAITRA 12, 1948 ss, 1947 /PAUSHA 17, 1947 वाजणज्य एव ंउद्योग मत्रं ालय (वाजणज्य जवभाग) (जवदेि व्यापार महाजिदेिालय) अजधसचू िा िई ददल्ली, 2 अप्रलै , 2026 स.ं 03 /2026-27 जवषयः आइटीसी (एचएस), 2022, अिसु चू ी-I (आयात िीजत) के अध्याय 71 के तहत िाजमल मदों की आयात िीजत और िीजतगत ितों म ेंसिं ोधि के सबं धं म।ें का.आ. 1732(अ).— समय-समय पर यथा संिोजधत जवदेि व्यापार िीजत, 2023 के पैरा 1.02 और 2.01 के साथ पठित जवदेि व्यापार (जवकास एवं जवजिमयि) अजधजियम, 1992 की धारा 3 और धारा 5 के द्वारा प्रदत्त िजियों का प्रयोग करते हुए, केन्द्र सरकार एतद्द्वारा आइटीसी (एचएस) 2022, की अिुसूची-I (आयात िीजत) के अध्याय 71 के तहत तत्काल प्रभाव से जिम्ि जलजखत संिोधि करती ह:ै 2. अध्याय 71 की िीजतगत ित त सं. 07 जिम्नािुसार लागू ह:ै “जियातत ोन्द्मुख इकाइयों और जविेष आर्थतक क्षेत्रों (एसईिडे ) म ेंजस्ट्थत इकाइयों द्वारा दकए गए 100% आयात क्रमिः एफटीपी, 2023 के परै ा 6.01(घ) के अिुसार और जविेष आर्थकत क्षेत्र (एसईिडे ) जियम, 2006 के जियम 27 के तहत उपयुतक् त प्रजतबंधों के अधीि िहीं होंगे, बित ेदक ऐस ेआयाजतत माल घरेलू प्रिुल्क क्षेत्र (डीटीए) में ि बेच ेिाएं। इसके अजतठरि, एफटीपी, 2023 के अध्याय-4 के तहत रत्न और आभूषण के जियातत की स्ट्कीमों के तहत दकए गए आयात भी इि प्रजतबंधों से मुि होंगे।” 2439 GI/2026 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] 3. जिम्ि जलजखत आइटीसी एचएस कोड की आयात िीजत को जिम्नािुसार संिोजधत दकया गया हःै आइटीसी मद जववरण मौिदू ा ससं ोजधत मौिदू ा आयात ससं ोजधत आयात (एचएस) आयात िीजत आयात िीजत िीजतगत ित त िीजतगत ित त कोड 71090000 मूल धातु या चांदी, सोिा मुि प्रजतबंजधत - इस अध्याय की चढी हुई, अध-त जिर्मतत स े िीजतगत ित त संख्या 7 अजधक िहीं। के अधीि 7110 प्लैठटिम, अजिर्मतत या अधत- जिर्मतत रूपों में, या पाउडर के रूप में। 711011 - प्लैठटिम:-- अजिर्मतत या पाउडर के रूप म ें 71101119 --- अजिर्मतत : --- अन्द्य प्रजतबंजधत मुि - तथाजप, विि के आधार पर 1 प्रजतित (1%) स े अजधक सोिे से यिु प्लैठटिम जमश्र धात ु का आयात प्रजतबंजधत ह।ै 71101129 --- पाउडर के रूप में: --- प्रजतबंजधत मुि - तथाजप, विि के आधार अन्द्य पर 1 प्रजतित (1%) स े अजधक सोिे से यिु प्लैठटिम जमश्र धात ु का आयात प्रजतबंजधत ह।ै 71101990 --- अन्द्य प्रजतबंजधत मुि - तथाजप, विि के आधार पर 1 प्रजतित (1%) स े अजधक सोिे से यिु प्लैठटिम जमश्र धात ु का आयात प्रजतबंजधत ह।ै 71110000 मूल धात,ु चांदी या सोिा, मुि मुि - तथाजप, विि के आधार प्लैठटिम चढा हुआ, अधत- पर 1 प्रजतित (1%) स े जिर्मतत से अजधक िहीं अजधक चांदी सोिे स े युि मद का आयात प्रजतबंजधत ह।ै 7114 सुिारों या चांदी का काम करिे वालों के आभूषण और अन्द् य सामाि, िो कीमती धातु के या चढी हुई धातु के 711411 - कीमती धातु का चाह े कीमती धातु चढी हो या ढकी हो या िहीं:-- चांदी की, चाह ेवह कीमती धातु चढी या ढकी हो या िहीं[भाग II—खण् ड 3(ii)] भारत का रािपत्र : असाधारण 3 71141110 ---वस्ट्तुए ं मुि प्रजतबंजधत - इस अध्याय की िीजतगत ितत संख्या 7 के अधीि 71141120 ---भाग मुि प्रजतबंजधत - इस अध्याय की िीजतगत ितत संख्या 7 के अधीि 711419 - कीमती धातु का चाह े कीमती धात ुचढी हो या ढकी हो या िहीं: -- अन्द्य कीमती धातु चाह े वह अन्द् य दकसी कीमती धातु से चढी हो या ढकी हो या िहीं 71141910 ---सोि े की वस्ट्तुए ं प्रजतबंजधत प्रजतबंजधत इस अध्याय की िीजतगत ितत संख्या 7 के अधीि 71141920 --- प्लैठटिम की वस्ट्तुए ं प्रजतबंजधत प्रजतबंजधत इस अध्याय की इस अध्याय की िीजतगत ित त संख्या िीजतगत ितत संख्या 7 6 के अधीि के अधीि 71141930 ---जहस्ट्स े मुि प्रजतबंजधत इस अध्याय की िीजतगत ितत संख्या 7 के अधीि 711420 -कीमती धात ुसे ढकी हुई मूल धातु: 71142010 --- सोिे स ेढकी वस्ट्तुए ँ मुि प्रजतबंजधत - इस अध्याय की िीजतगत ितत संख्या 7 के अधीि 71142020 --- अन्द्य वस्ट्तुए ँ मुि प्रजतबंजधत - इस अध्याय की िीजतगत ितत संख्या 7 के अधीि 71142030 --- जहस्ट्स े मुि प्रजतबंजधत - इस अध्याय की िीजतगत ितत संख्या 7 के अधीि 7115 कीमती धातु की अन्द्य वस्ट्तुएं या कीमती धातु से ढकी हुई .धातु 71151000 - प्लैठटिम के वायर क्लॉथ मुि प्रजतबंजधत - इस अध्याय की या जिल के रूप म ें कैटाजलस्ट्ट िीजतगत ितत संख्या 7 के अधीि 711590 -अन्द्य4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] 71159010 --- कीमती धातओंु से बिी मुि प्रजतबंजधत - इस अध्याय की प्रयोगिाला और औद्योजगक िीजतगत ितत संख्या 7 वस्ट्तुए ं के अधीि 71159020 मुख्य रूप से सोि े से बि े मुि प्रजतबंजधत - इस अध्याय की जस्ट्पिरिेट िीजतगत ितत संख्या 7 के अधीि 71159090 ---अन्द्य मुि प्रजतबंजधत - इस अध्याय की िीजतगत ितत संख्या 7 के अधीि 71181000 - जसक्के (सोि े के जसक्के के मुि प्रजतबंजधत - इस अध्याय की अलावा), वैध मरु ि हो िीजतगत ितत संख्या 7 के अधीि 2. जवदेि व्यापार िीजत, 2023 (एफटीपी) के पैरा 1.05(ख) या दकसी अन्द्य प्रावधाि में जिजहत होिे के बाविूद, सक्रं मणकालीि व्यवस्ट्था का लाभ इस अजधसचू िा के तहत लगाए गए प्रजतबधं ों पर लाग ूिहीं होगा। 3. उि संिोजधत आयात िीजत तत्काल प्रभाव से और दकसी भी पवू त अिबु धं , अपठरवतित ीय साख पत्र, अजिम भगु ताि या जिपमटें जस्ट्थजत के होत ेहुए भी लाग ूहोगी। अजधसचू िा का प्रभाव: आइटीसी एचएस, 2022 अिुसूची-I (आयात-िीजत) के अध्याय 71 के अंतगतत िाजमल उजल्लजखत मदों की आयात िीजत और िीजतगत ितत को तत्काल प्रभाव स े उक्त अिुसार संिोजधत दकया िाता ह।ै य े प्रजतबधं एफटीपी 2023 के परै ा 1.05 (ख) के होत े हुए भी लाग ू होंग े और दकसी भी पवू त अिबु धं , अपठरवतित ीय साख पत्र, अजिम भगु ताि, जिपमटें जस्ट्थजत या दकसी अन्द्य प्रजतबद्धता के होत े हुए भी लाग ू होंग।े तदिसु ार, सक्रं मणकालीि व्यवस्ट्था का लाभ उपलब्ध िहीं होगा। इसे वाजणज्य एवं उद्योग मंत्री के अिुमोदि से िारी दकया िाता ह।ै [फा. स.ं 01/89/180/36/एएम-11/पीसी-2(ए)/ई-1678] लव अिवाल, महाजिदेिक जवदिे व्यापार एव ं पदेि अपर सजचव MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) NOTIFICATION New Delhi, the 2nd April, 2026 No. 03 /2026-27 Subject: Amendment in Import Policy and Policy conditions of items covered under Chapter 71 of ITC (HS) 2022, Schedule-I (Import Policy)-reg. S.O. 1732(E).—In exercise of powers conferred by Section 3 and Section 5 of Foreign Trade (Development & Regulation) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy, 2023, as amended from time to time, the Central Government hereby makes the following amendments under Chapter 71 of Schedule-1(Import Policy) of ITC (HS) 2022with immediate effect: 2. Policy Condition no. 07 of the Chapter 71 is introduced as under: “ Imports by 100% Export Oriented Units and units located in Special Economic Zones (SEZs) shall not be subject to the above restrictions as per Para 6.01(d) of FTP, 2023 and under Rule 27 of the Special Economic Zones (SEZ) Rules, 2006 respectively, provided such imported goods are not sold into the Domestic Tarifff Area (DTAs). Further, imports under the schemes for export of Gems and Jewellery under Chapter-4 of FTP, 2023 shall also be exempt from these restrictions.” 3. The Import Policy of the following ITC (HS) codes is amended as under:[भाग II—खण् ड 3(ii)] भारत का रािपत्र : असाधारण 5 ITC(HS) Item description Existing Revised Existing Import Revised Import Code Import Import Policy Condition Policy Condition Policy Policy 71090000 Base metals or silver, clad Free Restricted - Subject to Policy with gold, not further Condition No. 7 of worked than semi- this Chapter. manufactured. 7110 Platinum, unwrought or in semi-manufactured forms, or in powder form. 711011 - Platinum : -- Unwrought or in powder form 71101119 --- Unwrought form: --- Restricted Free - However, import of Other Platinum alloy consisting of gold more than 1 percent (1%) by weight is R estricted. 71101129 --- In powder form: --- Restricted Free - However, import of other Platinum alloy consisting of gold more than 1 percent (1%) by weight is Restricted. 71101990 --- Other Restricted Free - However, import of Platinum alloy consisting of gold more than 1 percent (1%) by weight is Restricted. 71110000 Base metals, silver or gold, Free Free - However, import of clad with platinum, not item with Silver or further worked than semi- Gold more than 1% by manufactured weight is “Restricted”. 7114 Articles of goldsmiths or silversmiths wares and parts thereof, of precious metal or of metal clad with 711411 - Of precious metal whether or not plated or clad with precious metal : - - Of silver, whether or not plated or clad with other precious metals 71141110 --- Articles Free Restricted - Subject to Policy Condition No. 7 of this Chapter. 71141120 --- Parts Free Restricted - Subject to Policy Condition No. 7 of this Chapter. 711419 -Of precious metal whether or not plated or clad with precious metal : -- Of other precious metal, whether or notplated or clad with precious metals 71141910 --- Articles of gold Restricted Restricted Subject to Policy Condition No. 7 of this Chapter.6 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] 71141920 --- Articles of platinum Restricted Restricted Subject to Policy Subject to Policy Condition No. 6 of Condition No. 7 of t his Chapter. this Chapter. 71141930 --- Parts Free Restricted Subject to Policy Condition No. 7 of this Chapter. 711420 -Of base metal clad with precious metal : 71142010 --- Articles clad with gold Free Restricted - Subject to Policy Condition No. 7 of this Chapter. 71142020 --- Other articles Free Restricted - Subject to Policy Condition No. 7 of this Chapter. 71142030 --- Parts Free Restricted - Subject to Policy Condition No. 7 of this Chapter. 7115 Other articles of precious metal or of metal clad with precious metal 71151000 -Catalysts in the form Of Free Restricted - Subject to Policy wire cloth or grill, of Condition No. 7 of Platinum this Chapter. 711590 -Other 71159010 --- Laboratory and Free Restricted - Subject to Policy industrial articles of Condition No. 7 of precious metals this Chapter. 71159020 --- Spinnerets made mainly Free Restricted - Subject to Policy of gold Condition No. 7 of this Chapter. 71159090 --- Other Free Restricted - Subject to Policy Condition No. 7 of this Chapter. 71181000 -Coin (Other than gold Free Restricted - Subject to Policy Coin), not being legal Condition No. 7 of tender this Chapter. 2. Notwithstanding anything contained in Para 1.05(b) of the Foreign Trade Policy, 2023, (FTP) or any other provision, the benefit of transitional arrangements shall not apply to the restrictions imposed under this Notification. 3. The import policy as amended above shall come into force with immediate effect and shall apply irrespective of any prior contract, irrevocable letter of credit, advance payment, or shipment status. Effect of the Notification: The Import Policy and Policy Condition of items as mentioned above covered under Chapter 71 of ITC HS, 2022, Schedule-I (Import Policy)is revised as mentioned above with immediate effect. These restrictions shall apply notwithstanding Para 1.05(b) of FTP 2023 and shall operate irrespective of any prior contract, irrevocable letter of credit, advance payment, shipment status, or any other commitment whatsoever. Accordingly, the benefit of transitional arrangements shall not be available. This is issued with the approval of the Minister of Commerce & Industry. [F. No. 01/89/180/36/AM-11/PC-2[A]/E-1678] LAV AGARWAL, Director General of Foreign Trade & Ex-officio Addl. Secy. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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