Import Policy Update: Platinum Articles Now Restricted (ITC HS 71141920)
The Directorate General of Foreign Trade (DGFT) has issued Notification No. 58/2025-26 dated 5 February 2026, bringing an important change in the import policy for Articles of Platinum under ITC (HS) Code 71141920, covered in Chapter 71 of ITC (HS), 2022.
???? What Has Changed?
Earlier, the import of Articles of Platinum was classified as “Free”. With immediate effect, this category has now been moved to “Restricted”.
This means that importers can no longer freely import platinum articles and will need to comply with specific policy conditions and approvals as prescribed under the Foreign Trade Policy.
???? New Policy Condition Introduced
DGFT has introduced Policy Condition No. 6 in Chapter 71, which clearly states:
Import of Platinum Articles is Restricted
However, relief has been provided for certain genuine cases where re-import will still be allowed under the Free category.
✅ Re-imports Allowed Without Restriction
The following categories of re-import of Indian origin platinum articles will continue to remain Free:
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Goods sent abroad for exhibitions or export promotion tours and brought back to India.
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Goods rejected, returned, or remaining unsold by overseas buyers.
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Goods sent abroad for repair and re-imported after repair.
???? Practical Impact
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Jewellery manufacturers, traders, and importers dealing in platinum articles must re-evaluate their import plans.
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New imports will require specific authorization under the restricted category.
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Proper documentation will be critical to prove Indian origin in case of re-imports.
???? Why This Matters
Platinum is a high-value precious metal, and this move signals tighter regulatory control to monitor imports, prevent misuse, and ensure better compliance with foreign trade norms.
If you are involved in the jewellery, precious metals, or import-export business, this update is crucial for avoiding delays, penalties, or non-clearance of goods.