The Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce & Industry, has amended the import policy for platinum under ITC HS code 71131921, moving it from the category of “Free” to “Restricted” with immediate effect.
The revised policy will remain in force till April 30, 2026.
The amendment falls under Chapter 71 of the ITC (HS) 2022, which covers precious metals and jewellery. The specific code—71131921—pertains to unstudded platinum articles.
| ITC (HS) Code | Item Description | Existing Import Policy | Revised Import Policy |
| 71131921 | Platinum, unstudded | Free | Restricted |
The change means imports under this code will now require special authorization or permission instead of being allowed freely.
The DGFT exercised its powers under Section 3 & 5 of the Foreign Trade (Development & Regulation) Act, 1992 and Paragraphs 1.02 and 2.01 of the Foreign Trade Policy (FTP) 2023.
The policy amendment takes immediate effect, altering the import landscape for platinum traders, jewellery manufacturers, and related industries.
Notification Details
Notification No. 48/2025-26
Date: 17/11/2025
