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Silver bars and powder imports now require government clearance

Silver bars under HS codes 71069221 and 71069229 including silver bars with 99.9 per cent purity, have moved from Free to Restricted, according to government notification on Saturday

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Silver imports moved to restricted category. Representational Pic

Silver imports moved to restricted category. Representational Pic

India has tightened oversight of silver imports by moving several categories of the metal from the “free” import policy regime to the “restricted” category, according to a government notification issued on Saturday, as reported by IANS. 

The decision introduces a requirement for prior government approval before importing key forms of silver, marking a stricter regulatory approach to precious metals inflows.

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