Editor’s Note
This article details new government restrictions on imports of certain silver jewelry, effective until March 31 of next year. The policy aims to prevent the circumvention of import rules by halting shipments of unrefined silver disguised as jewelry from Thailand.
The government on Wednesday imposed import restrictions on certain silver jewellery until March 31 next year. The aim of this move is to curb the import of silver under the guise of unrefined jewellery from Thailand. Let’s learn more about this in detail.
The government on Wednesday tightened rules related to the import of certain silver jewellery until March 31 next year. The objective of this government move is to curb the import of silver from Thailand under the name of unrefined jewellery. India has a free trade agreement with ASEAN (Association of Southeast Asian Nations). Thailand is a member of this ten-nation group.
The Directorate General of Foreign Trade (DGFT) said in a notification. For goods falling under the restricted category, it is mandatory to obtain a license from the government.