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India curbs import of platinum jewellery

Mint Bangalore

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November 18, 2025

The Union government on Monday restricted import of unstudded articles of platinum jewellery until 30 April 2026, following the misuse of the zero percent import duty clause.

- Ram Sahgal

Until now, such articles, with 90% gold content, could be freely imported and some traders were importing these at zero duty from Indonesia under the India-Asean free trade agreement and converting them into gold bars, evading the 6% duty on gold imports, according to Surendra Mehta, n

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