The Directorate General of Foreign Trade amended the import policy for ash containing precious metal or precious metal compounds including gold, platinum and silver to “restricted” from “free” which means a license would be required for their inbound shipments.
“Import policy…has been revised from ‘Free’ to ‘Restricted’ with immediate effect,” the DGFT said in a notification.
India’s imports of these goods in April-February FY22 were $36.6 million as against $72 million in the entire 2020-21.