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India restricts silver imports, hikes gold-silver duty to 15% — jewellery retailers brace for margin hit
Our read
Accelerate partnerships or M&A with EOU-licensed jewellery exporters to arbitrage the duty-free carveout, and revisit domestic refining or recycling assets as restricted silver imports make backward integration strategically valuable.
The report,
Government places silver imports for domestic consumption under restricted category requiring approval, after raising gold/silver customs duty to 15% and capping duty-free gold imports at 100kg. Jewellery export units exempt. Impacts Indian jewellery retailers.
Reported figures
From the report. Source details below
| customs duty raised to 15% from | 6% |
|---|---|
| platinum duty to 15.4% from | 6.4% |
| gold imports up 24% to | $71.98 bn |
| silver volume | 7,334 tonnes |
Also in the report
- silver imports up 150% to $12.05 bn in FY26
The source
Published
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