The Directorate General of Foreign Trade (DGFT) on January 15, 2024, issued an amendment in the policy condition of silver covered under Chapter 71 of Schedule —I (Import Policy) of ITC (HS) 2022.
The following amendment has been stated:
• The import of Semi-Manufactured Silver Paste, Sheets, Plates, Strips, Tubes, Electrodes, Wires, and Silver Brazing Alloys (in any form), Electrical, Electronics and Engineering industries including Glass and Solar Industries as input for their manufacturing process in 'Actual User' basis shall be 'Free'. Import of given items for R&D purposes by Government or Government Recognised Institutions shall also be 'Free'. Import for any other purposes shall be through specified agencies as per the earlier provisions.
For further details, kindly refer to the document attached.
[Notification No 57/2023]
