To be published in the Gazette of India Extraordinary Part-II, Section-3, Sub-Section (ii)

Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Vanijya Bhawan

Notification No. 60/2024-25

New Delhi, Dated: 05th March, 2025

Subject: Amendment in Import Policy and Policy Condition of Platinum covered under HS Code 7110 of Chapter 71 of ITC (HS) 2022, Schedule -I (Import Policy).

S.O. (E): In exercise of powers conferred by Section 3 and Section 5 of Foreign Trade (Development & Regulation) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy (FTP) 2023, as amended from time to time, the Central Government hereby makes the following amendments under Chapter 71 of ITC (HS), 2022, Schedule - I (Import Policy), as under:

2. The Import Policy and Policy Condition of the following ITC (HS) Codes is amended as under:

ITC (HS)
Code

Description

Existing
Import Policy

Revised
Import Policy

Revised Import Policy
Condition

7110

Platinum, Unwrought or in semi manufactured forms, or in powder form.

711011

- Platinum : -- Unwrought or in powder form

71101110

-- Unwrought form

Free

Restricted

However, import of platinum alloy of 99 percent or more purity by weight of Platinum is free.

71101120

-- In powder form

Free

Restricted

71101900

-- Platinum : -- Other

Free

Restricted

Effect of the Notification:

Import Policy of Platinum covered under ITC (HS) 71101110, 71101120 and 71101900 is revised from "Free" to "Restricted" except for platinum alloy of 99% or more purity by weight of Platinum.

This is issued with the approval of Minister of Commerce & Industry.

(Santosh Kumar Sarangi)
Director General of Foreign Trade &
Ex-officio Addl. Secretary to Govt. of India
Email: dgft@nic.in.

(Issued from File No. 01/89/180/93/AM-24/PC-2(A) /E-42179)