The Centre has reduced its silver import duty from 15% to 6% in 2025, making bullion imports significantly cheaper for traders, manufacturers, and investors. However, the government has extended restrictions on silver jewelry and unmounted silver imports until March 2026, in an effort to prevent misuse of trade routes and safeguard domestic jewelers. The move aims to balance affordability with fair competition and supply stability in the precious metals market. Advertisement

The DGFT has issued a policy circular clarifying that recently introduced import restrictions on silver jewellery will not apply to 100 percent Export Oriented Units, Special Economic Zone units, or importers operating under Advance Authorisation and DFIA schemes.

These entities may continue duty-free imports for ex

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