New Delhi - India has imposed restrictions on import of gold and silver in unwrought, semi manufactured and powdered form, allowing imports only through nominated agencies, qualified jewellers and valid tariff rate quota holders under the India-UAE Comprehensive Economic Partnership Agreement (CEPA).The restrictions are based on Budget FY26 announcement to introduce new HS (Harmonised System) codes or tariff codes for key items like gold dore, silver dore and platinum containing at least 99% platinum.

Some importers used this loophole to bring in products that were 99% gold from Dubai, labelling them as platinum alloy to take . . .