DGFT tightens silver imports, mandates licence for 99.9% grains and powder
Import authorisation now required for silver grains, powder and other 99.9% purity forms, with dore imports restricted to refineries under actual-user licence. Move aims to curb trade deficit but squeezes jewellers and refiners reliant on open-route bullion inflows.
What happened
DGFT now mandates import authorisation for silver grains, powder and other 99.9% purity forms, tightening bullion inflows to curb trade deficit. Move directly
Key facts
- 99.9%
Why this matters
Scout acquisition or JV targets among licensed refiners and actual-user importers to bypass the new bottleneck and consolidate share as smaller unlicensed players are squeezed out.