Government has imposed restriction on import alloys of Palladium, Rhodium, and Iridium containing more than 1% gold by weight. This measure expands upon the existing restriction on the import of Platinum to now include the entire Customs Tariff Heading (CTH) 7110 at the 4-digit level, thereby ensuring uniformity in the import policy governing precious metals and their alloys.
At the same time, the policy facilitates trade by allowing free import of alloys containing less than 1% gold, thereby ensuring continued availability of inputs for industrial and manufacturing sectors, including electronics, auto components, and specialised chemical industries, without disruption. This calibrated approach balances trade facilitation with the need for regulatory oversight.
Further, the government has also imposed restriction to import of colloidal metals and compounds covered under CTH 2843. This was necessitated to regulate import of gold in the garb of chemical compounds.
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