{"id":1110,"date":"2026-10-12T04:55:10","date_gmt":"2026-10-12T04:55:10","guid":{"rendered":"https:\/\/dgftexim.com\/blog\/?p=1110"},"modified":"2026-10-12T04:55:11","modified_gmt":"2026-10-12T04:55:11","slug":"dgft-silver-import-clarification-hs-code-71069221","status":"publish","type":"post","link":"https:\/\/dgftexim.com\/blog\/dgft-silver-import-clarification-hs-code-71069221\/","title":{"rendered":"DGFT Clarification on Silver Import Under ITC (HS) Code 71069221"},"content":{"rendered":"\n

The Directorate General of Foreign Trade (DGFT)<\/strong> has issued an important clarification regarding the import of silver under ITC (HS) Code 71069221<\/strong>. The clarification explains the requirements for import authorisation, importer eligibility, and the use of the India International Bullion Exchange (IIBX).<\/p>\n\n\n\n

This update is important for silver importers, jewellers, traders, and businesses involved in import-export activities.<\/p>\n\n\n\n

Key Highlights of the DGFT Clarification<\/h2>\n\n\n\n

1. Import Authorisation Is Mandatory<\/h3>\n\n\n\n

Silver classified under ITC (HS) Code 71069221<\/strong> falls under the Restricted Import Policy<\/strong>. Therefore, importers must obtain a valid DGFT Import Authorisation<\/strong><\/a><\/strong>, subject to applicable conditions and exemptions.<\/p>\n\n\n\n

The authorisation covers the specific item, quantity, and value mentioned in it. Importers must comply with the conditions endorsed on their authorisation.<\/p>\n\n\n\n

2. Separate Importer Eligibility Is Not Required<\/h3>\n\n\n\n

DGFT has clarified that importers holding a valid Import Authorisation do not need to separately qualify as a Nominated Agency, IFSC-qualified Jeweller, or Export-Oriented Unit (EOU)<\/strong>, unless the authorisation specifically imposes such a condition.<\/p>\n\n\n\n

3. Import Through IIBX Is Not Mandatory<\/h3>\n\n\n\n

Import through the India International Bullion Exchange (IIBX)<\/strong><\/a><\/strong> is not compulsory for silver under ITC (HS) Code 71069221, unless the Import Authorisation specifically requires it.<\/p>\n\n\n\n

4. Earlier Notification Conditions Do Not Apply<\/h3>\n\n\n\n

The conditions introduced under DGFT Notification No. 19\/2026-27 dated 2 June 2026<\/strong> do not apply to silver classified under ITC (HS) Code 71069221. Importers should ensure that the requirements applicable to their specific HS code are followed.<\/p>\n\n\n\n

\"DGFT<\/figure>\n\n\n\n

What Should Importers Do?<\/h2>\n\n\n\n

Importers planning to import silver under this HS code should:<\/p>\n\n\n\n