DGFT Revises Import Policy for Precious Metal Compounds
The DGFT revises import policy for precious metal compounds classified under Customs Tariff Heading (CTH) 2843. This change restricts free import and introduces new compliance requirements for importers.
What Changed?
On 18th June 2025, the Directorate General of Foreign Trade (DGFT) issued Notification No. 20/2025 amending the import policy for items under CTH 2843 (including compounds, inorganic or organic, of precious metals).
Key highlights:
- Previous status: Free import permitted
- New status: Restricted
- Effective date: Immediate
- Requirement: Importers must obtain a valid import licence from DGFT.
Check official notification here
Legal Reference
- Notification No. 20/2025-DGFT dated 18.06.2025
- Foreign Trade (Development & Regulation) Act, 1992
- Customs Tariff Heading 2843 as per Customs Tariff Act, 1975
New Compliance Steps
If you import these compounds:
✅ Apply for an import licence on DGFT portal
✅ Submit supporting documents (invoice, technical details, end-use)
✅ Await DGFT approval before shipment
✅ Ensure customs declaration reflects new licensing condition
Why This Matters
DGFT revises import policy mainly to:
- Monitor supply and use of strategic precious metals
- Prevent misuse for unauthorised industrial or financial activities
- Strengthen India’s trade compliance with global norms
Expert Tip
Tip: Keep ready a detailed justification of end-use when applying for a licence. Authorities often seek clear proof that the import is for genuine industrial or research needs.
Summary
DGFT revises import policy for precious metal compounds (CTH 2843). Import now restricted; licence required. Read how to comply and stay updated.
FAQ
Q1: Which compounds are covered?
A1: All inorganic or organic compounds of precious metals like gold, platinum, or silver under CTH 2843.
Q2: How long does it take to get a licence?
A2: Usually 2–4 weeks, subject to document verification and end-use clarification.
Q3: Is this policy temporary?
A3: No official expiry date. Effective until DGFT issues further orders.
Final Words
With this update, Indian importers must align quickly with the new licensing rule. For any help with DGFT licence applications, customs clearance, or compliance, contact Efiletax today!