Overview
- The Directorate General of Foreign Trade moved certain platinum jewellery from the Free category to Restricted with immediate effect, according to its notification.
- Importers must obtain DGFT licences for the specified items, with the measure in place until April 30, 2026.
- Industry complaints and media reports said some dealers used platinum‑alloy jewellery to sidestep duties, including by melting pieces into bars after import.
- In September, the government also restricted selected silver jewellery imports until March 31, 2026, a move reported as targeting mislabelled shipments from Thailand under FTA preferences.
- The latest curbs are temporary regulatory actions published via a DGFT notice and reported by PTI and Mint, affecting near‑term sourcing for importers and jewellers.