Govt mandates prior valid authorisation for importing silver powder, grain
This story was originally published at 20:54 IST on 2 June 2026
Register to read our real-time news.Informist, Tuesday, Jun. 2, 2026
NEW DELHI – The Centre has mandated prior valid import authorisation for importing silver in the form of powder and grain, the Directorate General of Foreign Trade said in a notification. The tighter restrictions come after India hiked import duty on silver to 15% from 6% last month to discourage imports and save foreign exchange reserves amid a weakening rupee.
Imports of silver in the form of grains, powder, and other forms where the content is 99.9% silver are restricted. "Import of items under the above-mentioned....shall be permitted only against a valid Import Authorisation issued by the DGFT," the notification said.
In May, the government had restricted import of silver bars with 99.9% purity and other semi-manufactured forms of silver. These restricted items can only be imported by the Reserve Bank of India and qualified jewellers through the India International Bullion Exchange. End
Reported by Afra Abubacker
Edited by Avishek Dutta
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (11) 4220-1000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2026. All rights reserved.
To read more please subscribe
Share this Story:
