DGFT tightens duty-free gold import rules for jewellery exporters with 100 kg AA cap
DGFT has overhauled duty-free gold sourcing for jewellery exporters: Advance Authorisations capped at 100 kg, facility inspections mandated, fortnightly CA-certified reports required, and 50% export obligation must be met before fresh licences. Move follows gold import duty hike from 6% to 15%.
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% gold import duty
- 6% previous duty
- 100 kg AA cap
- 50% export obligation threshold
Why this matters
Expect consolidation openings as smaller exporters squeezed by the 100 kg cap and export-obligation gate become acquisition or licensing targets for scaled players with surplus AA headroom.