Indian & International Customs

Dramatic image showing a silver bar next to a locked silver jewellery box, symbolizing the lowered import duty on bullion versus the restriction on finished goods.
Customs Compliance & ICEGATE Guides, Gold, Silver & Other Metals, Indian & International Customs, Indian Economy & Reforms, Trades & Tariffs

Silver Import Duty in India: What is the Current Rate, Why are Jewellery Imports Restricted, and How Does it Affect Price?

The Indian government has reduced the import duty on silver bullion to 6% but simultaneously restricted the import of plain silver jewellery (HSN 7113) until March 2026. These changes dramatically impact the price and supply chain for consumers and jewellers.

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Indian & International Customs

FAQs On Customs Duty

Learn about Customs Duty in India – its types, calculation methods, and latest rates. Stay updated on import/export tariffs, exemptions, and online payment procedures via ICEGATE. Plus, explore the recent reduction in gold import duties and its impact on the market.

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