DGFT caps Advance Authorisation gold imports at 100 kg, tightens exporter compliance
India's DGFT has capped gold imports under the Advance Authorisation scheme at 100 kg per authorisation and mandated facility inspections, 50% export obligation linkage, and fortnightly CA-certified reports. The move follows a duty hike to 15% and aims to curb misuse amid USD 71.98 bn FY26 bullion imports.
What happened
DGFT caps gold imports under Advance Authorisation scheme at 100 kg and tightens compliance for gems and jewellery exporters, including mandatory facility
Key facts
- 100 kg cap on AA gold imports
- 50% export obligation threshold
- import duty raised to 15% from 6%
- 3% IGST on gold/silver imports
- USD 71.98 billion bullion imports in FY26
- 721.03 tonnes (down 4.76%)
Why this matters
Expect consolidation pressure as smaller exporters struggle with the 100 kg cap and compliance burden, opening opportunistic M&A and tolling-partnership windows with players holding clean AA track records and export pipelines.