The Directorate General of Foreign Trade (DGFT) on October 13, 2026, issued a notification regarding a simplified procedure for expedited issuance of import authorisations for silver bullion under ITC(HS) 7106.
The following has been stated: -
•The procedure applies to specified silver items under ITC(HS) codes 71069110, 71069120, 71069221 and 71069229, excluding silver dore, whose import policy has been changed from ‘Free’ to ‘Restricted’.
•Applicants seeking expedited processing must submit complete applications through the DGFT portal, provide justification for the proposed import quantity and value, and declare that imports will be made at the generally applicable customs duty rate without concessions.
•Fresh and revised applications submitted on or after October 15, 2026, may be processed under the simplified procedure, subject to applicable policy conditions.
•Imports must be sourced through the India International Bullion Exchange (IIBX) or notified Nominated Banks/Agencies, and authorisations will remain valid for six months without extension.
The detailed notification is given in the document below.
[Notification No.: 30/2026-27]
