India restricts silver bar imports, mandating govt authorisation after duty hike
New import restrictions on silver bars, layered atop a steep duty hike, will tighten bullion supply chains and pressure silver-heavy jewellery retailers including Tanishq, Kalyan, and Malabar. Sourcing costs and inventory planning face near-term disruption ahead of festive demand.
What happened
Government of India · India has restricted silver bar imports, mandating government authorization following a steep duty hike. The move aims to curb trade
Why this matters
Tightened silver import rules favor players with domestic refining tie-ups or scrap-recycling channels, opening M&A angles in upstream bullion sourcing.
Also reported by
- The Hindu BusinessLine — Same time