Home India Ministry of Commerce and Industry Amendment in import policy of ITC HS code 71131144 and 71131...
Date: 2026-03-16 Category: Extra Ordinary State: Union Government Country: India

Amendment in import policy of ITC HS code 71131144 and 71131145 covered under Chapter 71 of ITC HS 2022 Schedule I Import Policy

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

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Executive Summary & Key Takeaways

**Executive Summary** Notification No. 63/2025-26, issued on March 16, 2026, amends the import policy for specific jewelry items under ITC (HS) codes 71131144 and 71131145. Effective immediately, the import status of these items has been changed from "Free" to "Restricted" for the period ending June 30, 2026. The amendment is enacted under the Foreign Trade (Development & Regulation) Act, 1992, and the Foreign Trade Policy, 2023. **Key Points / Main Content** **Legislative Authority** * The amendment is made in exercise of powers conferred by Section 3 and Section 5 of the Foreign Trade (Development & Regulation) Act, 1992. * It is read in conjunction with paragraphs 1.02 and 2.01 of the Foreign Trade Policy, 2023. **Specific Policy Changes** * **ITC (HS) Code 71131144:** Other Jewellery studded with diamonds of heading 7104 is moved from "Free" to "Restricted" status. * **ITC (HS) Code 71131145:** Other Jewellery studded with other precious and semiprecious stones is moved from "Free" to "Restricted" status. **Duration and Implementation** * The revised policy takes effect immediately as of March 16, 2026. * The restricted status for these items is scheduled to remain in place until June 30, 2026. * The notification was issued with the formal approval of the Minister of Commerce & Industry. **Impact Analysis** **Importers of Jewelry** **Impact** Businesses importing jewelry studded with diamonds or precious/semiprecious stones under the specified codes can no longer do so freely. Their operations are now subject to the limitations of a "Restricted" policy. **Action Required** Importers must cease free imports of these items and ensure compliance with any licensing or authorization requirements mandated for restricted goods until June 30, 2026. **Customs and Regulatory Authorities** **Impact** These bodies are responsible for enforcing the immediate shift from "Free" to "Restricted" import status for the identified ITC (HS) codes. **Action Required** Authorities must update their import clearance protocols and systems to reflect the restricted status of codes 71131144 and 71131145 to ensure the notification is implemented at all ports of entry.

Key Entities Referenced

Foreign Trade (Development & Regulation) Act, 1992: The primary legislation under which the Central Government exercises powers to amend import and export policies. Directorate General of Foreign Trade: The government body responsible for implementing the Foreign Trade Policy and issuing notifications regarding import status changes. ITC (HS) 2022, Schedule - I (Import Policy): The Indian Trade Classification based on Harmonized System which governs the importability of items, specifically Chapter 71 for jewellery in this notification. Foreign Trade Policy, 2023: The policy framework whose provisions are read alongside the 1992 Act to regulate the import status of specific goods.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-16032026-270987 CG-DxLx-xEG-I1D6H0x3x2x0 26-270987 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.ं 1302] िई ददल्ली, सोमवार, माच च16, 2026/फाल्ग िु 25, 1947 13, 1947 26/पौष 17, 1947 No. 1302] NEW DELHI, MONDAY, MARCH 16, 2026/PHALGUNA 25, 1947 ss, 1947 /PAUSHA 17, 1947 वाजणज्य एव ं उद्योग मत्रं ालय (वाजणज्य जवभाग) (जवदेि व्यापार महाजिदेिालय) अजधसचू िा िई ददल्ली, 16 माचच, 2026 स.ं 63/2025-26 जवषयः आइटीसी (एचएस), 2022, अिसु चू ी-I (आयात िीजत) के अध्याय 71 के अतं गतच िाजमल आइटीसी (एचएस) कोड 71131144 और 71131145 की आयात िीजत म ेंसिं ोधि के सबं धं म।ें का.आ. 1361(अ).— समय-समय पर यथा संिोजधत जवदिे व्यापार िीजत, 2023 के परै ा 1.02 और 2.01 के साथ पठित जवदेि व्यापार (जवकास एव ं जवजियमि) अजधजियम, 1992 की धारा 3 और धारा 5 के तहत प्रदत्त िजियों का प्रयोग करते हुए, केन्द्र सरकार एतद्द्वारा आइटीसी (एचएस) 2022, अिुसूची-I (आयात िीजत) के अध्याय 71 के अंतगचत िाजमल आइटीसी (एचएस) कोड 71131144 और 71131145की आयात िीजत म ें ददिांक 30.06.2026 तक की अवजध के जलए तत्काल प्रभाव स ेसंिोधि करती ह:ै आइटीसी मद जववरण मौिदू ा आयात िीजत सिं ोजधत आयात (एचएस) कोड िीजत 7113 आभूषण के सामाि और उिके टुकडे कीमती धातु या कीमती धातु से आच्छाददत धातु - - 1882 GI/2026 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] 711311 - कीमती धातु, चाह े कीमती धातु से आच्छाददत अथवा कीमती धातु चढी हुए हो या िही: -- अन्द्य कीमती धातु, चाह े - - चांदी चढी हुए अथवा आच्छाददत हो या िहीं। 71131144 --- अन्द्य आभूषण: ----िीषचक 7104 के हीरों से िडे हुए मुि प्रजतबंजधत 71131145 --- अन्द्य आभूषण: ----अन्द्य कीमती और अधच-कीमती पत्थरों से मुि प्रजतबंजधत िडे हुए। अजधसचू िा का प्रभाव :आइटीसी एचएस कोड 71131144 और 71131145 के अतं गचत िाजमल मदों की आयात िीजत को ददिाकं 30.06.2026 तक की अवजध के जलए तत्काल प्रभाव स े “मुि” स े सिं ोजधत कर “प्रजतबंजधत” दकया गया ह।ै इस े वाजणज्य एव ं उद्योग मंत्री के अिुमोदि स े िारी दकया िाता ह।ै [फा. सं. 01/89/180/36/एएम-11/पीसी-2 (ए)/ई-1678] लव अग्रवाल,महाजिदेिक जवदेि व्यापार एवं पदेि अपर सजचव MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) NOTIFICATION New Delhi, the 16th March, 2026 No. 63/2025-26 Subject: Amendment in import policy of ITC (HS) code 71131144 and 71131145 covered under Chapter 71 of ITC (HS), 2022, Schedule - I (Import Policy)-reg. S.O. 1361 (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 amends the import policy of ITC (HS) code 71131144 and 71131145 covered under Chapter 71 of ITC (HS) 2022, Schedule - I (Import Policy) for the period up to 30.06.2026 with immediate effect: ITC(HS) Item description Existing Revised Code Import Policy Import Policy 7113 Articles of jewellery and parts thereof, of precious metal or of metal - - clad with precious metal. 711311 -Of precious metal whether or not plated or clad with precious metal : - - - - Of silver, whether or not plated or clad with other precious metal 71131144 --- Other Jewellery: ----Studded with diamonds of heading 7104 Free Restricted 71131145 --- Other Jewellery: ----Studded with other precious and semiprecious Free Restricted stones Effect of the Notification: The Import Policy of items covered under ITC HS Code 71131144 and 71131145 is revised from "Free" to "Restricted", for the period up to 30.06.2026 with immediate effect. 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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