DGFT tightens duty-free gold import rules for jewellery exporters, caps Advance Authorisations at 100 kg
After the Centre raised gold import duty to 15% from 6%, DGFT has capped Advance Authorisations at 100 kg per jeweller, mandated facility inspections, fortnightly CA-certified reports, and 50% prior export obligation fulfilment before fresh approvals.
What happened
DGFT tightened duty-free gold import rules for jewellery exporters, capping Advance Authorisations at 100 kg, mandating facility inspections, fortnightly
Key facts
- 15% import duty
- 6% previous duty
- 100 kg cap
- 50% export obligation
Why this matters
Expect consolidation pressure on sub-scale exporters squeezed by the 100 kg cap and compliance burden—scout acquisition targets among mid-tier jewellers with strong export books but stretched balance sheets.