BIG BREAKING: India Tightens Silver Import Rules, Moves to Restricted Category

The Government of India has tightened rules on silver imports by moving it from the “free” category to a “restricted” category through the Directorate General of Foreign Trade. This means silver can no longer be imported freely and now requires stricter approvals and regulations. Earlier, on 13 May, the government had already increased import duty on silver to 15%. The latest decision further strengthens control over silver inflows into the country and is aimed at regulating the market and preventing unmonitored imports. Overall, the new policy significantly restricts the ease of importing silver into India and places it under tighter government supervision.