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Commerce Ministry Simplifies Silver Bullion Import Licences
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News18•14-10-2026, 15:15
Commerce Ministry Simplifies Silver Bullion Import Licences
- •The Commerce Ministry has introduced a simplified, self-declaration-based procedure to speed up silver import authorisations.
- •The move aims to reduce processing times for genuine applicants and improve the ease of doing business.
- •Applications with a self-declaration to pay standard customs duty without concessions will be considered for expedited disposal.
- •Existing pending applicants on the DGFT portal can revise their applications under this new one-time measure.
- •Authorised silver imports must be procured exclusively through the India International Bullion Exchange or nominated banks and agencies.
Key Questions Answered
The Commerce Ministry has introduced a simplified, self-declaration-based procedure via the DGFT to speed up the issuance of import authorisations for specific silver items and reduce processing times for genuine applicants.
Silver dore is explicitly excluded from the simplified, self-declaration-based procedure introduced by the commerce ministry.
Import authorisations issued under this simplified procedure carry a strict condition that the authorised items must be procured exclusively through the India International Bullion Exchange or designated Nominated Banks and notified agencies.
