Centre curbs silver imports, caps gold under Advance Authorisation at 100kg per applicant
DGFT tightens bullion inflows: silver imports restricted, gold imports under AA scheme capped at 100kg with mandatory inspections, 50% export obligation and fortnightly reporting. Squeezes sourcing for Tanishq, Kalyan, Malabar as FY26 gold imports hit $71.98bn across 721 tonnes.
What happened
Government of India · Centre restricts silver imports and tightens gold import norms under Advance Authorisation scheme, capping gold at 100kg, mandating
Key facts
- 100 kg gold AA cap
- 15% import duty
- 3% IGST
- $71.98 billion gold imports FY26
- 721.03 tonnes
- 50% export obligation
Why this matters
The cap creates a strategic premium on owning refining capacity, bonded-warehouse partnerships and export-linked subsidiaries — scout bolt-on refiners, jewellery exporters with unused AA headroom, and silver-recycling assets before peers bid them up.