The government modifies import regulations for some gold and silver products.

• The government has allowed import of certain types of unwrought, semi-manufactured, and powdered gold under specific conditions.

• The import of these items will only be allowed through agencies nominated by the Reserve Bank of India or the government, qualified jewelers, and traders authorized under the India-UAE free trade agreement (FTA).

• The rules were notified by the Directorate General of Foreign Trade (DGFT) on Monday.

• The import of unwrought, semi-manufactured, or powdered gold containing 99.5 or more by weight of gold is now allowed under specific conditions.

• The import of unwrought, semi-manufactured, or powdered silver in bar form is now subject to RBI regulation.

• The Global Trade Research Initiative (GTRI) notes these changes ensure consistency between customs duties and import regulations and align with changes made in Budget 2025 to enhance transparency in the import of precious metals.