To be published in the Gazette of India Extraordinary Part-II, Section-3, and Sub- Section (ii)
Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Vanijya Bhawan, New Delhi
Notification No. 03 /2026-27
New Delhi, Dated: 02nd April 2026
Subject: Amendment in Import Policy and Policy conditions of items covered under Chapter 71 of ITC (HS) 2022, Schedule-I (Import Policy)-reg.
S.O. (E): In exercise of powers conferred by Section 3 and Section 5 of Foreign Trade (Development & Regulation) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy, 2023, as amended from time to time, the Central Government hereby makes the following amendments under Chapter 71 of Schedule-1 (Import Policy) of ITC (HS) 2022 with immediate effect:
- Policy Condition no. 07 of the Chapter 71 is introduced as under:
" Imports by 100% Export Oriented Units and units located in Special Economic Zones (SEZs) shall not be subject to the above restrictions as per Para 6.01(d) of FTP, 2023 and under Rule 27 of the Special Economic Zones (SEZ) Rules, 2006 respectively, provided such imported goods are not sold into the Domestic Tariff Area (DTAs). Further, imports under the schemes for export of Gems and Jewellery under Chapter-4 of FTP, 2023 shall also be exempt from these restrictions."
- The Import Policy of the following ITC (HS) codes is amended as under:
| ITC(HS) Code | Item description | Existing Import Policy | Revised Import Policy | Existing Import Policy Condition | Revised Import Policy Condition |
|---|
| 71090000 | Base metals or silver, clad with gold, not further worked than semi-manufactured. | Free | Restricted | - | Subject to Policy Condition No. 7 of this Chapter. |
| 7110 | Platinum, unwrought or in semi-manufactured forms, or in powder form. | | | | |
| 711011 | - Platinum : -- Unwrought or in powder form | | | | |
| 71101119 | --- Unwrought form: --- Other | Restricted | Free | - | However, import of Platinum alloy consisting of gold more than 1 percent (1%) by weight is Restricted. |
| 71101129 | --- In powder form: --- other |
-
Notwithstanding anything contained in Para 1.05(b) of the Foreign Trade Policy, 2023, (FTP) or any other provision, the benefit of transitional arrangements shall not apply to the restrictions imposed under this Notification.
-
The import policy as amended above shall come into force with immediate effect and shall apply irrespective of any prior contract, irrevocable letter of credit, advance payment, or shipment status.
Effect of the Notification: The Import Policy and Policy Condition of items as mentioned above covered under Chapter 71 of ITC HS, 2022, Schedule-I (Import Policy) is revised as mentioned above with immediate effect. These restrictions shall apply notwithstanding Para 1.05(b) of FTP 2023 and shall operate irrespective of any prior contract, irrevocable letter of credit, advance payment, shipment status, or any other commitment whatsoever. Accordingly, the benefit of transitional arrangements shall not be available.
This is issued with the approval of the Minister of Commerce & Industry.
(Lav Agarwal)
Director General of Foreign Trade &
Ex-officio Addl. Secretary to Govt. of India
Email: dgft@nic.in
Issued from File No. 01/89/180/36/AM-11/PC-2[A]/E-1678
