**Summary:**
**Notification No. 18/2025-26**
**Date:** 7 June 2025
**Subject:** Amendment in Import Policy of specific items covered under Chapter 71 of ITC HS 2022 of Schedule I Import Policy.
The Directorate General of Foreign Trade, Ministry of Commerce and Industry, Government of India, has amended the import policy for specific items under Chapter 71 of the Indian Trade Classification (Harmonized System) [ITC (HS) 2022], Schedule I (Import Policy) with immediate effect.
The import policy for the following ITC HS codes are revised: 71102100, 71102900, 71103100, 71103900, 71104100 and 71104900.
**Revised Import Policy:** The import of items covered under these ITC HS codes (Palladium, Rhodium and Iridium) is now "Free." However, import of Palladium, Rhodium and Iridium alloy consisting of gold more than 1 percent by weight is "Restricted".
This notification is issued in exercise of powers conferred by Section 3 read with Section 5 of the Foreign Trade (Development & Regulation) Act, 1992, and paragraphs 1.02 and 2.01 of the Foreign Trade Policy (FTP) 2023, as amended.
**Contact:** Director General of Foreign Trade, Email: dgft@nic.in. File No. 01/89/180/93/AM24/PC2B/E-42179.
Key Entities Referenced
Foreign Trade Development Regulation Act, 1992: An act of the Parliament of India to provide for the development and regulation of foreign trade.
Foreign Trade Policy FTP 2023: The prevailing foreign trade policy of India, governing import and export regulations.
ITC HS 2022: Indian Trade Classification based on Harmonized System of Nomenclature, used for classifying goods in import and export.
Chapter 71 of Schedule I Import Policy: Chapter 71 of Schedule I of the Import Policy under ITC HS 2022, which pertains to pearls, precious or semi-precious stones, precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin.
Palladium: A chemical element with symbol Pd and atomic number 46. It is a rare and lustrous silvery-white metal.
Rhodium: A chemical element with symbol Rh and atomic number 45. It is a rare, silvery-white, hard, corrosion-resistant and chemically inert transition metal.
Iridium: A chemical element with symbol Ir and atomic number 77. A very hard, brittle, silvery-white transition metal of the platinum group
Directorate General of Foreign Trade: The agency of the Ministry of Commerce and Industry, Government of India responsible for implementing the Foreign Trade Policy.
[To be published in the Gazette of India Extraordinary Part-II, Section-3, Sub-
Section (ii)]
Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Vanijya Bhawan
Notification No. 18 /2025-26
New Delhi, Dated: | 7 June, 2025
Subject: Amendment in Import Policy of specific items covered under
Chapter 71 of ITC (HS) 2022 of Schedule —I (Import Policy) -
reg.
S.O. (E) In exercise of powers conferred by Section 3 read with Section 5 of
Foreign Trade (Development & Regulation) Act, 1992, read with paragraph
1.02 and 2.01 of the Foreign Trade Policy (FTP) 2023, as amended from time to
time, the Central Government hereby makes the following amendments under
Chapter 71 of Schedule —I (Import Policy) of ITC (HS) 2022, with immediate
effect.
De The Import Policy of the following ITC(HS) codes is amended as under:
ITC (AS) |Item Existing |Existing [Revised Import Policy,
Code Description Import |Import /|Condition
Policy {Policy
Condition
71102100}|- Palladium : --lFree However, import of Palladium!
Unwrought or in I alloy consisting of gold more|
powder form than 1 percent (1%) by weight
is Restricted.
71102900|- Palladium : --lFree However, import of Palladium
Other alloy consisting of gold more|
than 1 percent (1%) by weight
is Restricted.
71103100|- Rhodium : --\Free However, import of
Unwrought or in l Rhodium alloy consisting of
powder form gold more than 1 percent (1%)
by weight is Restricted.71103900|- Rhodium : --|Free However, import of
Other Rhodium alloy consisting of
gold more than 1 percent (1%)
by weight is Restricted.
71104100}- Iridium,|Free However, import of|
osmium and| Iridium alloy consisting of
ruthenium : -- gold more than | percent (1%)
'Unwrought or in by weight is Restricted.
powder form
71104900 - Iridium,Free However, import of|
osmium and| Iridium alloy consisting of
ruthenium : -- gold more than 1 percent (1%)
Other by weight is Restricted.
Effect of the Notification:
The Import Policy of items covered under the ITC (HS) codes 71102100,
71102900, 71103100, 71103900, 71104100 and 71104900 is “Free”. However,
import of Palladium, Rhodium and Iridium alloy consisting of gold more than 1
percent (1%) by weight is "Restricted".
This is issued with the approval of Minister of Commerce & Industry.
ais
Director General of Foreign Trade &
Addl. Secretary to the Government of India
Email: dgft@nic.in
[Issued from File No. 01/89/180/93/AM-24/PC-2(A)/E-42179]