DGFT tightens silver import norms, jewellery retailers face sourcing squeeze
DGFT now mandates import authorisation for silver grains, powder and other 99.9% purity forms, closing a loophole used to bypass duties. Move pressures jewellery chains like Tanishq, Kalyan and Malabar that rely on imported silver inputs amid surging bullion shipments.
What happened
DGFT mandates import authorisation for silver grains, powder and other forms with 99.9% purity, tightening bullion imports. Move aims to curb surging
Key facts
- 99.9%
Why this matters
Strategic opportunity to lock in long-term supply agreements with licensed domestic silver refiners or acquire authorised importers before competitors scramble for compliant channels.