The Directorate General of Foreign Trade (DGFT) on April 02, 2026, issued the notification regarding the Amendment in Import Policy and Policy conditions of items covered under Chapter 71 of ITC (HS) 2022, Schedule-I (Import Policy).
The following has been stated namely: -
• A new Policy Condition No. 7 is introduced under Chapter 71, exempting imports by EOUs, SEZ units, and certain Gems & Jewellery export schemes, provided goods are not sold in the Domestic Tariff Area (DTA).
• Several items under Chapter 71 (precious metals, platinum, jewellery articles, etc.) have been shifted from “Free” to “Restricted” import category, with some specific exceptions.
• Imports involving platinum alloys containing more than 1% gold/silver and similar compositions are subject to restrictions and specified policy conditions.
• The transitional arrangements under FTP 2023 will not apply, meaning restrictions apply immediately regardless of prior contracts, payments, or shipments.
• The revised import policy applies universally, except for exempted categories like EOUs, SEZ units, and specified export schemes.
The revised import policy is effective from April 02, 2026.
[Notification No. 03/2026-27]
