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    Home»Precious Metal»DGFT Amends Import Policy for Precious Metal Alloys
    Precious Metal

    DGFT Amends Import Policy for Precious Metal Alloys

    June 26, 20253 Mins Read


    Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce & Industry, Government of India, issued a corrigendum on June 25, 2025, amending Notification No. 18/2025-26 dated June 17, 2025. The amendment relates to the import policy conditions for specific items classified under Chapter 71 of the ITC (HS) 2022, Schedule I. The revised policy specifically clarifies and expands the restriction criteria for the import of iridium, osmium, and ruthenium alloys that contain more than 1% gold by weight. Previously, the restriction applied only to iridium-gold alloys. The updated policy now uniformly restricts imports of iridium, osmium, and ruthenium alloys containing over 1% gold by weight, under both ITC (HS) codes 71104100 and 71104900. The notification is issued under the powers granted by the Foreign Trade (Development & Regulation) Act, 1992, and relevant provisions of the Foreign Trade Policy 2023. This move aims to streamline and ensure uniformity in import controls for precious metal alloys.

    Government of India
    Ministry of Commerce & Industry
    Department of Commerce
    Directorate General of Foreign Trade
    Vanijya Bhawan, New Delhi

    Notification No. 18/2025-26-DGFT | Dated: 25th June, 2025

    Subject: Corrigendum to Notification No. 18/2025-26 dated 17.06.2025 on amendment in Import Policy of specific items covered under Chapter 71 of ITC (HS) 2022 of Schedule —I (Import Policy) -reg.

    S.O. 2863(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 Director General of Foreign Trade hereby makes the following amendments in Notification No. 18/2025-26 dated 17.06.2025.

    2. The Import Policy Condition of the following ITC (HS) codes is amended as under (changes made are in bold letters):

    ITC(HS) Code Item Description Existing Import Policy Condition Revised Import Policy Condition
    71104100 – Iridium, osmium and ruthenium : –Iridium Unwrought or in
    powder form
    However, import of alloy consisting of gold more than 1 percent (1%)consisting by weight is Restricted. However, import of Iridium alloy, osmium alloy and ruthenium alloy of gold more than 1
    percent (1%) by weight is Restricted.
    71104900 – Iridium, osmium and ruthenium : — Other However, import of Iridium alloy consisting of gold more than 1 percent (1%)consisting by weight is Restricted. However, import of Iridium alloy, osmium alloy and ruthenium alloy of gold more than 1
    percent (1%) by weight is Restricted.

    (Ajay Bhadoo)
    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]



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