India Restricts Imports of Plain Silver Jewellery

The Indian government, through a notification by the Directorate General of Foreign Trade (DGFT), has imposed restrictions on the import of plain silver jewellery until March 31, 2026. Importers will now require a government license to bring in such items. The move aims to provide a level playing field for domestic silver jewellery manufacturers and protect jobs in the sector. A recent surge in imports, particularly from non-silver-producing countries like Thailand, exploiting Free Trade Agreements (FTAs), has negatively impacted domestic manufacturers. These restrictions are intended to curb FTA misuse and safeguard India’s jewellery industry and employment.