Page 21 - Bullion World Volume 5 Issue 07 July 2025

Bullion World | Volume 5 | Issue 07 | July 2025
Recent DGFT Notifications

on Gold Alloy Imports: Key

Changes and Implications

India’s Directorate General of Foreign Trade (DGFT) has recently issued a series of
notifications aimed at tightening controls over the import of precious metal alloys,
particularly those containing gold. These policy revisions are a response to efforts to
curb misuse of Free Trade Agreement (FTA) provisions and prevent disguised imports
of gold under other HS codes.

This article summarizes the key notifications, their implications for importers, and the
broader trade policy context.

1. Notification No. 08/2025 - Affected HS Codes:
Alignment with Customs Tariff Changes • Palladium Alloys: 71102100, 71102900
• Rhodium Alloys: 71103100, 71103900
Date Issued: May 19, 2025 • Iridium, Osmium, Ruthenium Alloys: 71104100,
Title: Precious Metals Import Policy Update
71104900
This notification updates Chapter 71 of the ITC
HS 2022 Import Policy to align with customs duty Note: Platinum alloys with any gold content were
changes announced in India’s Union Budget 2025. The already under restriction via Notification No. 60/2024-
objective is to eliminate loopholes in the FTA system, 25 dated March 5, 2025.
particularly those exploited via imports of platinum
alloys containing gold, which were being used as a
channel to avoid higher gold duties.
3. Corrigendum to Notification
By harmonizing DGFT policy with customs tariff No. 18/2025-26
modifications, this move ensures stricter control and Date Issued: June 25, 2025
uniform treatment of precious metal imports. Purpose: Clarification and Expansion

This corrigendum further clarifies that Osmium and
Ruthenium alloys with gold content exceeding 1% are
2. Notification No. 18/2025-26 – Import included in the restricted category. It ensures that all
Restriction on Gold-Containing Alloys platinum-group elements are uniformly governed when
mixed with gold, strengthening the intent of the original
Date Issued: June 17, 2025 notification.
Title: Restricted Alloys with Over 1% Gold Content
This significant update imposes a “Restricted” status
(requiring prior DGFT authorization) on the import of
certain platinum-group metal (PGM) alloys containing
more than 1% gold by weight. This change directly
targets materials often used to bypass standard gold
import controls.

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