{"id":20996,"date":"2026-06-02T15:16:18","date_gmt":"2026-06-02T15:16:18","guid":{"rendered":"https:\/\/saharanews.in\/?p=20996"},"modified":"2026-06-02T15:16:18","modified_gmt":"2026-06-02T15:16:18","slug":"india-tightens-silver-import-curbs-dgft-approval-now-mandatory-for-grains-powder","status":"publish","type":"post","link":"https:\/\/saharanews.in\/?p=20996","title":{"rendered":"India tightens silver import curbs; DGFT approval now mandatory for grains, powder"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<div class=\"e9jwa\">\n<div class=\"vdo_embedd\">\n<div class=\"GfdvZ\">\n<section class=\"_bIDB  clearfix id-r-component leadmedia undefined undefined  E9tg9 \" style=\"top:0px\">\n<div class=\"_bIDB\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"ypVvZ\">\n<div class=\"WGttI\"><img src=\"https:\/\/static.toiimg.com\/thumb\/msid-131466331,imgsize-570274,width-400,height-225,resizemode-4\/-.jpg\" alt=\"India tightens silver import curbs; DGFT approval now mandatory for grains, powder\" decoding=\"async\" fetchpriority=\"high\"\/><\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n<p>India has tightened restrictions on silver imports by bringing additional categories, including silver grains and powder, under the restricted list and requiring prior government approval for shipments, according to a government order issued on Tuesday.<span class=\"id-r-component br\" data-pos=\"2\"\/>Under the revised rules, imports of silver in the form of grains, powder, other forms, and products containing 99.9 per cent silver will require a valid import authorisation from the Directorate General of Foreign Trade (DGFT), Reuters reported.<span class=\"id-r-component br\" data-pos=\"4\"\/>The move comes weeks after the government placed imports of silver bars with 99.9 per cent purity and other semi-manufactured forms of silver under the restricted category.<span class=\"id-r-component br\" data-pos=\"8\"\/>The latest measures are aimed at curbing silver imports and reducing pressure on the rupee, as India grapples with a widening import bill driven by elevated commodity prices.<span class=\"id-r-component br\" data-pos=\"10\"\/>The government had also increased import duties on gold and silver to 15 per cent from 6 per cent last month as part of efforts to reduce overseas purchases of the precious metals and ease pressure on foreign exchange reserves amid higher crude oil prices.<span class=\"id-r-component br\" data-pos=\"13\"\/>India, the world&#8217;s largest consumer of silver, imported a record $12 billion worth of the metal in the financial year ended March 2026, sharply higher than $4.8 billion in the previous year.<span class=\"id-r-component br\" data-pos=\"15\"\/>Imports remained elevated in the new fiscal year as well, with silver purchases rising 157 per cent year-on-year to $411 million in April, according to commerce ministry data.<span class=\"id-r-component br\" data-pos=\"17\"\/>&#8220;The government has made it harder for the bullion industry to bring in silver. <!-- -->Importers now need approval first, and there is no clear idea if they will get it or how long it will take,&#8221; a Mumbai-based bullion dealer with a private bank said, Reuters quoted.<span class=\"id-r-component br\" data-pos=\"21\"\/>Silver is used in India for jewellery, coins, bars and a range of industrial applications, including solar energy and electronics.<span class=\"id-r-component br\" data-pos=\"23\"\/>Demand over the past year has been driven largely by investment buying rather than traditional jewellery and silverware consumption, with inflows into silver exchange-traded funds (ETFs) touching record levels.<span class=\"id-r-component br\" data-pos=\"25\"\/>India imports silver primarily from the United Arab Emirates, Britain and China. Reuters.<span class=\"id-r-component br\" data-pos=\"27\"\/><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/timesofindia.indiatimes.com\/business\/india-business\/india-tightens-silver-import-curbs-dgft-approval-now-mandatory-for-grains-powder\/articleshow\/131466340.cms\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>India has tightened restrictions on silver imports by bringing additional categories, including silver grains and powder, under the restricted list and requiring prior government approval for shipments, according to a government order issued on Tuesday.Under the revised rules, imports of silver in the form of grains, powder, other forms, and products containing 99.9 per cent&#8230;<\/p>\n","protected":false},"author":1,"featured_media":20997,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[],"class_list":["post-20996","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/saharanews.in\/index.php?rest_route=\/wp\/v2\/posts\/20996","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/saharanews.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/saharanews.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/saharanews.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/saharanews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20996"}],"version-history":[{"count":0,"href":"https:\/\/saharanews.in\/index.php?rest_route=\/wp\/v2\/posts\/20996\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/saharanews.in\/index.php?rest_route=\/wp\/v2\/media\/20997"}],"wp:attachment":[{"href":"https:\/\/saharanews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/saharanews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/saharanews.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}