New Delhi, May 16 (IANS) India has tightened oversight of silver imports by shifting several categories of the precious metal from the “free” import policy regime to the “restricted” category, according to a fresh government notification issued on Saturday.Under the revised framework, imports of silver bars with 99.9 per cent purity, unwrought silver, semi-manufactured silver and silver powder will now require prior government approval before shipments can enter the country. Certain cate…
Latest Silver Imports News & Updates
New Delhi, April 17 (IANS) The Union Government on Friday allowed 15 major banks, including State Bank of India, HDFC Bank, and ICICI Bank, to import gold and silver from April 1, 2026, to March 31, 2029. The Union Bank of India and Sberbank have been authorised to import only gold during this period.The notification has been issued by the Directorate General of Foreign Trade (DGFT).The move is part of the government’s ongoing effort to streamline bullion imports and ensure they are routed thr…