**Policy Summary**
**Subject:** Amendment in Import Policy of ITC HS Codes 71123000, 71129100, 71129200, 71129910, 71129920, and 71129990 under Chapter 71 of Schedule I - Import Policy of ITC HS, 2022.
**Issuing Authority:** Directorate General of Foreign Trade, Ministry of Commerce and Industry, Government of India.
**Date of Issuance:** April 29, 2022
**Gazette Notification Number:** S.O. E
**Legal Basis:** The amendment is issued in exercise of powers conferred by Section 3 read with Section 5 of the Foreign Trade (Development and Regulation) Act, 1992, read with paragraphs 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020, as amended.
**Policy Change:** The import policy for the following ITC HS codes under Chapter 71 of the ITC HS, 2022, Schedule I, is revised with immediate effect:
* 71123000 (Ash containing precious metal or precious metal compounds)
* 71129100 (Other: Of gold, including metal clad with gold but excluding sweepings containing other precious metals)
* 71129200 (Other: Of platinum, including metal clad with platinum, but excluding sweepings containing other precious metals)
* 71129910 (Other: Of silver, including metal clad with silver but excluding sweepings containing other precious metals)
* 71129920 (Other: Sweepings containing gold or silver)
* 71129990 (Other: Other)
**Previous Policy:** Free
**Revised Policy:** Restricted
**Effect of the Notification:** The import policy of the specified ITC HS Codes has been changed from "Free" to "Restricted" with immediate effect.
**Approving Authority:** Minister of Commerce and Industry.
**Contact Person:** Santosh Kumar Sarangi, Director General of Foreign Trade & Ex officio Addl. Secretary to the Government of India.
**File Number:** F.No.018918036AM11PC2A E1678
Key Entities Referenced
Directorate General of Foreign Trade: An agency under the Department of Commerce, Ministry of Commerce and Industry, Government of India, responsible for implementing the Foreign Trade Policy.
Foreign Trade Policy, 2015-2020: A policy document outlining guidelines and objectives for India's foreign trade.
FTDR Act, 1992: Foreign Trade (Development and Regulation) Act, 1992, an act of the Parliament of India to provide for the development and regulation of foreign trade.
ITC HS Codes: Indian Trade Clarification based on Harmonized System of Coding System. Used for classifying goods in import and export.
Chapter 71 of Schedule I Import Policy of ITC HS, 2022: Refers to a specific section (Chapter 71) within the broader import policy document (Schedule I) of the ITC HS (Indian Trade Clarification based on Harmonized System) for the year 2022, concerning precious metals.
Minister of Commerce and Industry: The head of the Ministry of Commerce and Industry, a cabinet minister in the Government of India.
Santosh Kumar Sarangi: Director General of Foreign Trade and Ex officio Additional Secretary to the Government of India.
Ministry of Commerce and Industry: A ministry of the Government of India responsible for the development and regulation of international trade and commerce.
To be published in the Gazette of India Extraordinary Part-II, Section-3, Sub-Section (I)
Government of India
M try of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
5-202
29% April, 2022
‘Subject: Amendment in import policy of ITC (HS) Codes 71123000, 71129100, 71129200,
71129910, 71129920, and 71129990 under Chapter 71 of Schedule—I (Import Policy) of ITC
(HS), 2022.
SO. (E): In exercise of powers conferred by Section 3 read with Section 5 of FT (D&R) Act,
1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020, as amended
from time to time, the Central Government hereby amends the import policy of ITC (HS) Codes
under tariff head 7112 under Chopter 71 of ITC (HS), 2022, Schedule ~ I (Import Policy), with
immediate effect, as under:
Existing || Revised
TTC(HS) Item Deseription Import | Import
Policy _| Policy
711233000 |Ash containing precious metal or precious metall Free | Restricted
compounds
7112.91 00 FOther--OF gold, including metal clad) with gold bul), Free | Restricted
excluding sweepings containing other precious metals.
71129200 |Other:--Of platinum, including metal clad with platinum), Free || Restricted
Jout excluding sweepings containing other precious metal
711299110 F-Ottier:--OF silver, including metal clad'with silver bul) Free | Restricted
cluding sweepings containing other precious metals
7112 9920) |-Other:---Sweepings containing gold or silver Free | Restricted
7112.99.90 F-Other:—- Other
Free | "Restricted
Effect of the Notification: Import policy of ITC (HS) Codes 7112 30 00, 711291 00, 7112 92
00, 7112 99 10, 7112 99 20 and 7112 99 90 has been revised from ‘Free’ to ‘Restricted’ with
immediate effect.
This issues with the approval of Minister of Commerce & Industry.
at
£5
(Santosh RiGmasr Sarangi)
Director General of Foreign Trade &
Ex- officio Addl. Secretary to the Government of India
(F.No.01/89/180/36/AM-11/PC-2(A)/
E-1678)