DGFT restricts Import of Platinum under HS Code 7110, Except for 99% Pure Alloys [Read Notification]
Through this notification, the DGFT has restricted the import of platinum under HS Code 7110, except for platinum alloys with 99% or more purity, which remain freely importable
![DGFT restricts Import of Platinum under HS Code 7110, Except for 99% Pure Alloys [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/03/DGFT-DGFT-restricts-Import-of-Platinum-Platinum-import-restriction-DGFT-TAXSCAN.png "DGFT restricts Import of Platinum under HS Code 7110, Except for 99% Pure Alloys [Read Notification]")
The Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce & Industry, has issued a notification amending the import policy of platinum under HS Code 7110 in Chapter 71 of ITC (HS) 2022, Schedule – 1 (Import Policy). As per the notification, the import policy of certain categories of platinum has been revised from "Free" to "Restricted," except for platinum...
The Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce & Industry, has issued a notification amending the import policy of platinum under HS Code 7110 in Chapter 71 of ITC (HS) 2022, Schedule – 1 (Import Policy).
As per the notification, the import policy of certain categories of platinum has been revised from "Free" to "Restricted," except for platinum alloy containing 99% or more purity by weight of platinum, which will continue to be freely importable.
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The notification reads:
"Import Policy of Platinum covered under ITC (HS) 71101110, 71101120 and 71101900 is revised from 'Free' to 'Restricted' except for platinum alloy of 99% or more purity by weight of Platinum."
This move is expected to impact platinum traders, manufacturers, and industries relying on platinum imports.
Revised Import Policy Table
The following changes have been made in the Import Policy and Policy Condition of Platinum under the respective ITC (HS) Codes:
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| ITC(HS) Code | Description | Existing Import Policy | Revised Import Policy | Revised Import Policy Condition |
| 71101110 | Unwrought platinum | Free | Restricted | However, import of platinum alloy of 99 percent or more purity by weight of Platinum is free. |
| 71101120 | In powder form | Free | Restricted | |
| 71101900 | Other | Free | Restricted |
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Effect of the Notification
This change introduces import restrictions on unwrought platinum, platinum powder, and other forms of platinum, requiring importers to obtain government approval. Platinum alloys with at least 99% purity remain exempt from these restrictions and can be freely imported.
The notification has been issued with the approval of the Minister of Commerce & Industry and signed by Santosh Kumar Sarangi, Director General of Foreign Trade & Ex-officio Additional Secretary to the Government of India.
To Read the full text of the Order CLICK HERE
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