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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 well as qualified jewelers. These imports will be processed through the India International Bullion Exchange. This move follows a recent increase in import duties on gold and silver.
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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.
