DGFT caps duty-free gold imports at 100 kg per authorisation after duty hike to 15%
A day after doubling gold and silver import duty to 15%, DGFT restricted duty-free gold imports under the Advance Authorisation scheme to 100 kg per authorisation. The twin moves squeeze jewellery exporters and reshape sourcing economics for Indian retailers including Tanishq, Kalyan and Malabar.
What happened
DGFT capped duty-free gold imports under the Advance Authorisation scheme at 100 kg per authorisation, a day after the government doubled gold and silver import
Key facts
- 100 kilograms cap
- 15% import duty
Why this matters
The 100 kg cap pressures smaller exporters and job-workers reliant on duty-free gold—screen for distressed bullion-dependent ateliers and refining capacity as bolt-on targets to vertically secure supply.