Govt Imposes Import Restrictions On Silver
The government of India has imposed import restrictions on silver with immediate effect. This comes just days after India raised import tariffs on gold and silver to 15% from 6%.
New Delhi: The government of India on Saturday imposed new import restrictions on silver with immediate effect. The move seeks to curb overseas purchases of the metal and ease pressure on the country's foreign exchange reserves.
The government's order covers imports of silver, including silver plated with gold or platinum; unwrought silver; semi-manufactured silver and silver in powdered form. Silver importers The Directorate General of Foreign Trade has made it mandatory for silver importers to obtain a government license.
Notably, the import of silver bars was free earlier, but now they are classified under the “restricted” category. According to the Directorate General of Foreign Trade, those who import silver will need to obtain a government license.
On May 13, India raised import tariffs on gold and silver to 15% from 6%.
Published By : Nidhi Sinha
Published On: 16 May 2026 at 19:33 IST
