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India puts silver grains, powder under restricted list; DGFT nod now mandatory for imports

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Distressed mid-tier bullion dealers without DGFT relationships become acquisition targets, while vertically integrated refiners gain strategic premium in any consolidation play.

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The report,

India has placed silver grains, powder and 99.9%-purity silver products under the restricted import list, requiring DGFT approval. The move follows a duty hike to 15% and aims to curb record silver imports, directly impacting jewellery retailers and bullion dealers.

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Reported figures

From the report. Source details below

  • $4.8 billion previous year
  • $411 million April imports

Other figures

  • $12 billion FY26 imports
  • 157% YoY

The source

Source Read the source at Times of India

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