**Executive Summary**
This notification, issued by the Directorate General of Foreign Trade on May 16, 2026, announces immediate amendments to the import policy for specific silver items under ITC (HS) codes 71069221 and 71069229. The policy for these items has been revised from "Free" to "Restricted," necessitating compliance with specific chapter-level policy conditions. These changes are effective immediately from the date of the notification.
**Key Points / Main Content**
* **Regulatory Authority**
* The amendment is issued under the powers conferred by Section 3 and Section 5 of the Foreign Trade (Development & Regulation) Act, 1992.
* It operates in conjunction with paragraphs 1.02 and 2.01 of the Foreign Trade Policy, 2023.
* **Policy Revision for Silver Bars**
* **ITC (HS) Code 71069221:** Covers silver bars containing 99.9 percent or more by weight of silver.
* **ITC (HS) Code 71069229:** Covers "Other" silver bars.
* The import status for both categories is changed from "Free" (previously subject to RBI Regulations) to "Restricted."
* **New Import Conditions**
* Imports of these items are now subject to Policy Condition No. 7 of Chapter 71 of ITC (HS) 2022, Schedule-I (Import Policy).
* The revision supersedes previous existing conditions to tighten control over the import of semi-manufactured silver forms.
**Impact Analysis**
**Silver Importers and Traders**
**Impact**
Importers can no longer bring in silver bars under the "Free" category. The shift to a "Restricted" status implies more stringent oversight and potential licensing or specific eligibility requirements.
**Action Required**
Must cease imports under the previous "Free" policy and ensure all future imports comply with Policy Condition No. 7 of Chapter 71.
**Directorate General of Foreign Trade (DGFT) and Customs Authorities**
**Impact**
These bodies are responsible for enforcing the restrictive measures and ensuring that silver imports under the specified codes are not cleared unless they meet the new revised conditions.
**Action Required**
Update electronic filing systems and border protocols to reflect the "Restricted" status for codes 71069221 and 71069229 with immediate effect.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-16052026-272636
CG-DxLx-xEG-I1D6H0x5x2x0 26-272636
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.ं 2445] िई ददल्ली, िजिवार, मई 16, 2026/विै ाख 26, 1948
No. 2445] NEW DELHI, SATURDAY, MAY 16, 2026/VAISAKHA 26, 1948
वाजणज्य एव ं उद्योग मत्रं ालय
(वाजणज्य जवभाग)
(जवदेि व्यापार महाजिदेिालय)
अजधसचू िा
िई ददल्ली, 16 मई, 2026
स.ं 17 /2026-27
जवषय: आइटीसी (एचएस) 2022, अिसु चू ी - I (आयात िीजत) के अध्याय 71 के आइटीसी (एचएस) कोड 71069221 और
71069229 के तहत चादं ी की आयात िीजत म ेंसिं ोधि - के सबं धं म।ें
का.आ. 2537(अ).— समय-समय पर यथा संिोजधत जवदेि 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 द्वारा प्रदत्त िजियों का प्रयोग
करते हुए, केंद्र सरकार एतद्द्वारा आइटीसी (एचएस) 2022, अिुसूची - I (आयात िीजत) के अध्याय 71 के अतं गतग आइटीसी
(एचएस) कोड 71069221 और 71069229 की आयात िीजत में तत्काल प्रभाव स े संिोधि करती ह:ै
3528 GI/2026 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
आइटीसी मद का जववरण मौिदू ा मौिदू ा सिं ोजधत सिं ोजधत आयात
(एचएस) कोड आयात आयात आयात िीजतगत ित ग
िीजत िीजतगत ित ग िीजत
7106 चााँदी (सोिे या प्लेठटिम चढ़ी - - - -
हुई चााँदी सजहत), अजिर्मगत
या अध-ग जिर्मगत रूप म,ें अथवा
पाउडर के रूप में।
710692 - अन्य: - - अधग-जिर्मगत - - - -
71069221 ठटदकया: विि के अिुसार मुि आरबीआइ प्रजतबजं धत इस अध्याय की िीजतगत
जवजियमों के ित गसख्ं या 7 के अधीि
99.9 प्रजतित या अजधक
अधीि
चााँदी
71069229 ठटदकया - - -- अन्य मुि आरबीआइ प्रजतबजं धत इस अध्याय की िीजतगत
जवजियमों के ित गसख्ं या 7 के अधीि
अधीि
अजधसचू िा का प्रभाव: आइटीसी (एचएस) 2022, अिुसूची - I (आयात िीजत) के अध्याय 71 की िीजतगत ित ग संख्या 7 के
अधीि आइटीसी (एचएस) कोड 71069221 और 71069229 के अतं गतग मदों की आयात िीजत को तत्काल प्रभाव से “मिु ”
से संिोजधत कर “प्रजतबजं धत” दकया िाता ह।ै
इस े वाजणज्य एव ं उद्योग मंत्री के अिुमोदि स े िारी दकया िाता ह।ै
[फा. स. ं 01/89/180/36/एएम-11/पीसी-2[ए]/भाग-VI/ई-34691]
लव अग्रवाल, महाजिदिे क जवदिे व्यापार एव,ं पदेि अपर सजचव[भाग II—खण् ड 3(ii)] भारत का रािपत्र : असाधारण 3
MINISTRY OF COMMERCE AND INDUSTRY
(Department of Commerce)
(DIRECTORATE GENERAL OF FOREIGN TRADE)
NOTIFICATION
New Delhi, the 16th May, 2026
No. 17/2026-27
Subject: Amendment in import policy of Silvercovered under ITC (HS) codes 71069221 and 71069229 of
Chapter 71 of ITC (HS), 2022, Schedule - I (Import Policy)-reg.
S.O. 2537(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 71069221 and 71069229 covered
under Chapter 71 of ITC (HS) 2022, Schedule - I (Import Policy) with immediate effect:
ITC(HS) Item description Existing Existing Revised Revised
Code Import Import Policy Import Policy Import Policy
Policy Condition Condition
7106 Silver (including - - -
silver plated with gold or
platinum), unwrought or in
semi manufactured forms, or
in powder form.
710692 - Other : -- Semi- - - -
manufactured
71069221 Bar: Containing Free Subject to Restricted Subject to
99.9 percent or more by RBI Policy Condition
weight of silver Regulations. No. 7 of this
Chapter
71069229 Bar ------ Other Free Subject to Restricted Subject to
RBI Policy Condition
Regulations. No. 7 of this
Chapter
Effect of the Notification: The Import Policy of items covered under ITC HS Code 71069221 and 71069229 are
revised from "Free" to "Restricted" subject to Policy Condition No. 7 of Chapter 71 of ITC (HS) 2022, Schedule -
I (Import Policy) with immediate effect.
This is issued with the approval of Minister of Commerce & Industry.
[F. No. 01/89/180/36/AM-11/PC-2[A]/Part-VI/E-34691]
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.