**Executive Summary**
This notification, issued by the Ministry of Commerce and Industry on September 24, 2025, amends the import policy for specific ITC (HS) codes under Chapter 71 of Schedule-I (Import Policy) of ITC (HS) 2022. The changes, effective immediately until March 31, 2026, restrict the import of specific jewelry items. This is 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.
**Key Points / Main Content**
* **Amendment to Import Policy:**
* The import policy for ITC (HS) codes 71131141 (Other Jewellery: Unstudded) and 71131149 (Other Jewellery: Other) is amended.
* The policy changes from "Free" to "Restricted."
* **Scope of Amendment:**
* Applies to articles of jewellery and parts thereof, of precious metal or of metal clad with precious metal.
* Specifically affects jewellery of precious metal, whether or not plated or clad with precious metal, and silver jewellery, whether or not plated or clad with other precious metal
* **Effective Date:**
* The amended import policy is effective immediately.
* The amended policy will be in effect until March 31, 2026.
**Impact Analysis**
**Stakeholder: Importers of Jewelry**
* **Impact:** They will face restrictions on importing certain types of jewelry previously allowed under a free import policy, and they will need to comply with the new restricted import regulations to bring in the affected jewelry items.
* **Action Required:** Importers need to review their import strategies and ensure they meet all requirements for importing restricted items, including obtaining necessary licenses or permits.
**Stakeholder: Jewelry Manufacturers/Retailers**
* **Impact:** Manufacturers and retailers that rely on imported components or finished jewelry may experience changes in supply chains and costs.
* **Action Required:** Manufacturers and retailers should assess the impact of the import restrictions on their supply chains, inventory, and pricing strategies and consider alternative sourcing or adjusting product offerings.
Key Entities Referenced
ITC (HS) 2022, Schedule-I (Import Policy): The primary subject of the notification, this is the document being amended.
Foreign Trade (Development and Regulation) Act, 1992: The Act that provides the legal basis for the government's power to regulate foreign trade.
Foreign Trade Policy 2023: Referenced policy document that outlines the overall framework for India's foreign trade.
Directorate General of Foreign Trade: The department within the Ministry of Commerce and Industry responsible for implementing foreign trade policy.
Chapter 71 of Schedule-I (Import Policy) of ITC (HS) 2022: Specifically, the notification changes import policies for certain ITC (HS) codes under this chapter which pertains to articles of jewellery.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
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असाधारण
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भाग II—खण् ड 3—उप-खण्ड (ii)
PART II—Section 3—Sub-section (ii)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
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MINISTRY OF COMMERCE AND INDUSTRY
(Department of Commerce)
(Directorate General of Foreign Trade)
NOTIFICATION
New Delhi, the 24th September, 2025
No. 34 /2025-26
Subject: Amendment in import policy of specific ITC (HS) codes under Chapter 71 of Schedule-
I(Import Policy) of ITC (HS) 2022.
S.O. 4374(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 specific
ITC HS codes under Chapter 71 of ITC (HS), 2022, Schedule – I (Import Policy), with immediate effect,
till 31.03.2026, as under:
ITC(HS)
Description Policy Existing Import Policy Revised Import Policy
Code
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
71131141 --- Other Jewellery: ----Unstudded Free Restricted
71131149 --- Other Jewellery: ----Other Free Restricted
Effect of the Notification: The Import Policy of ITC (HS) code 71131141 and 71131149 has been
amended from “Free” to “Restricted” with immediate effect, till 31.03.2026.
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]
AJAY BHADOO, Addl. Secy. & Director General of Foreign Trade
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.