The Indian government revises its import policy for certain silver bars by tightening eligibility requirements. Multiple reports say that silver bars with at least 99.9% purity by weight, along with other silver bars classified under specific HS codes, are no longer freely importable. Under the updated policy, the category that previously allowed imports on a “Free” basis is shifted to “Restricted,” meaning importers must obtain authorisation before shipping such goods. Business Standard reports that the revised rule applies to silver bars meeting the 99.9% threshold and to additional silver bars falling under specified tariff classifications. Mint similarly notes that the policy for 99.9% or higher purity silver bars changes from “Free” to “Restricted.” India Today also reports that permits are now required for this 99.9% purity category. While the sources differ slightly in wording, they consistently describe the same core measure: import of high-purity (99.9%+) silver bars now requires prior permission, and the measure is tied to the purity threshold and defined HS code categories.
Government makes permits mandatory for 99.9% pure silver bar imports
The Indian government revises its import policy for certain silver bars by tightening eligibility requirements. Multiple reports say that silver bars with at least 99.9% purity by weight, along with o...
- India revises the import policy for silver bars with 99.9% or more silver by weight.
- The 99.9% purity category shifts from “Free” to “Restricted.”
- Imports now require authorisation/permits before shipment.
- The restriction also covers other silver bars under specified HS codes.
- The updates apply to imports of silver bars classified according to the revised policy terms.
The import policy for a silver bar containing 99.9 percent or more by weight of silver was revised from “Free” to “Restricted.”
3 months agoUnder the revised policy, imports of silver bars containing 99.9 per cent or more silver by weight, as well as other silver bars under specific HS codes, will now require authorisation
3 months agoGovt restricts silver bar imports purity category now needs permit
3 months ago
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