The Directorate General of Foreign Trade (DGFT) has notified Notification No. 58/2025-26 dated February 05, 2026, introducing amendments to the import policy for platinum articles classified under ITC (HS) Code 71141920, which falls under Chapter 71 of Schedule-I (Import Policy) of the ITC (HS) 2022.
Introduction of New Policy Condition – No. 6
A new Policy Condition No. 6 has been added to Chapter 71. As per this:
- Import of Platinum Articles is “Restricted”.
- However, import shall be treated as “Free” in the following cases:
- Re-import of Indian articles that were earlier exported for exhibitions or export promotion tours.
- Re-import of Indian goods intended for repair.
Amended Import Policy for ITC (HS) Code 71141920
The notification updates the import classification for:
HS Code 71141920 – Articles of Platinum
- Existing Import Policy: Free
- Revised Import Policy: Restricted
- Revised Policy Condition: Subject to new Policy Condition No. 6 of Chapter 71.
Effect of the Notification
- Import policy for items under HS Code 71141920 is revised from “Free” to “Restricted”.
- All imports under this code will now be governed by Policy Condition No. 6 of Chapter 71.
- The change comes into effect immediately.
The Notification can be accessed at: https://a2ztaxcorp.net/wp-content/uploads/2026/02/Notification-No.-58-English_0001.pdf
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