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Silver imports now require prior authorisation as India tightens import rules
India's recent crackdown on silver imports marks a bold economic strategy. Now, traders must secure prior authorization for all grain and powder silver forms, a move aimed at stabilizing the rupee and curbing excessive shipments. Following last months restrictions on silver bars and semi-manufactured items, the government has upped import duties on gold and silver to 15%.
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economictimes.indiatimes.com
Silver imports now require prior authorisation as India tightens import rules
India's recent crackdown on silver imports marks a bold economic strategy. Now, traders must secure prior authorization for all grain and powder silver forms, a move aimed at…
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thehindubusinessline.com
India tightens silver import rules, mandates prior approval
India tightens silver import regulations, requiring prior approval and restricting new categories to stabilize the rupee and control shipments.
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timesofindia.indiatimes.com
India tightens silver import curbs; DGFT approval now mandatory for grains, powder
India has tightened restrictions on silver imports by bringing additional categories, including silver grains and powder, under the restricted list and requiring prior government…
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Govt tightens import norms for silver grains, powder
The government enforces stricter import regulations for silver grains and powder, requiring valid licences to combat trade deficits.
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Silver imports via authorised channels only
New import rules for silver are now in effect. All silver imports must go through specific government-approved channels. This includes agencies nominated by the RBI and DGFT, as…
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What steps India has taken to stem pressure on its external balance of payments
India is taking steps to manage its currency's decline. Higher duties on gold and silver imports are in place. Import rules for silver have been tightened. Citizens are urged to…