The Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry has restricted import of alloys of Palladium, Rhodium, and Iridium containing more than 1% gold by weight.
This measure expands upon the existing restriction on the import of Platinum to now include the entire Customs Tariff Heading (CTH) 7110 at the 4-digit level, thereby ensuring uniformity in the import policy governing precious metals and their alloys.
At the same time, the policy facilitates trade by allowing free import of alloys containing less than 1% gold, thereby ensuring continued availability of inputs for industrial and manufacturing sectors, including electronics, auto components, and specialised chemical industries, without disruption. This calibrated approach balances trade facilitation with the need for regulatory oversight.
The import will be allowed for industrial and manufacturing sectors, including electronics, electrical and specialised chemical industry, against an import authorization, thereby addressing the need of the domestic industry without disruption for actual use.
