India curbs silver bar imports, mandates licence after steep duty hike
Government tightens silver bullion inflows via authorisation regime, layered atop a sharp import duty increase. Aimed at trade deficit and rupee defence, the move squeezes sourcing for jewellery and silverware retailers — Tanishq, Kalyan, Malabar — that rely on imported bars, with margin pressure likely ahead of wedding-season demand.
What happened
Government of India · India restricts silver bar imports, mandating government authorization following a steep duty hike. Move targets trade deficit and
Why this matters
Scout domestic silver refiners and recyclers for supply-security partnerships or stakes that hedge against the new import authorisation regime.
Also reported by
- The Hindu BusinessLine — Same time