DGFT Imposes Immediate Restriction on Import of Jewellery and Parts Till April 30, 2026

DGFT Imposes Immediate Restriction on Import of Jewellery and Parts Till April 30, 2026

Issue: To monitor and control the inflow of specific categories of jewellery, particularly unstudded items, the Directorate General of Foreign Trade (DGFT) amended the import policy from the ‘Free’ to the ‘Restricted’ category for specific HSN codes.

Facts:

• The DGFT issued Notification No. 48/2025-26 on November 17, 2025.

• The amendment targets specific HSN codes under Chapter 71 (Articles of jewellery and parts thereof, of precious metal).

• The policy was revised with immediate effect and has a set end date.

Decision:

The DGFT imposed an immediate restriction on the import of unstudded platinum jewellery and its parts (ITC HS 71131921), shifting the policy status from “Free” to “Restricted” until April 30, 2026.

Key TakeDowns:

• Specific Item Restricted: The restriction specifically targets unstudded platinum jewellery (ITC HS 71131921) and parts of gold and silver jewellery.

• Shift in Policy Status: The change from ‘Free’ to ‘Restricted’ means that importers must now obtain a license or specific authorization from the DGFT to import these items .

• Policy Tool: This measure is a classic trade policy tool used by the government to curb a surge in imports, protect the domestic industry from non-essential inflow, and control non-essential foreign exchange outflow.

• Duration: The restriction is temporary, set to expire on April 30, 2026.