In developments reported on June 2, 2026, stakeholders were tracking a development that drew same-day news attention. India placed imports of silver grains, powder and other 99.9% forms under the restricted category in a June 2, 2026 government notification.
Related briefings added that importers through RBI-nominated agencies, DGFT-approved entities and IIBX-qualified jewellers must obtain DGFT import authorisation. The step follows earlier restrictions on high-purity silver bars and a rise in bullion import duties to 15% from 6%.
Subsequent updates explained that officials aim to curb precious-metal inflows that add pressure to the import bill and foreign exchange reserves.
The matter remains under active review according to published timelines.
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Sources:
https://timesofindia.indiatimes.com/business/silver-import-curbs