India Caps Gold Imports Under Advance Authorisation to 100 kg per Licence
Gold imports under advance authorisation capped at 100 kg per licence
Business StandardImage: Business Standard
The Indian government has limited gold imports under advance authorisation to 100 kg per licence, as announced by the Directorate General of Foreign Trade (DGFT). This decision follows a recent increase in import duty from 6% to 15% aimed at curbing rising gold imports, which surged by 24% to $71.98 billion in FY26.
- 01Gold imports under advance authorisation are capped at 100 kg per licence.
- 02Importers must fulfill 50% of export obligations before obtaining additional authorisations.
- 03First-time applicants will undergo mandatory physical inspections.
- 04A fortnightly performance report is required from advance authorisation holders.
- 05This policy follows a significant increase in gold import duties from 6% to 15%.
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The Indian government has announced a cap on gold imports under advance authorisation, limiting them to 100 kg per licence. This decision, issued by the Directorate General of Foreign Trade (DGFT), mandates that importers must fulfill 50% of their committed export obligations before receiving further authorisations. Additionally, first-time applicants will undergo mandatory physical inspections by regional authorities. These authorities are required to submit fortnightly performance reports and comprehensive monthly reports to the DGFT to ensure centralized monitoring of gold import-export transactions. This move comes shortly after the government raised the import duty on gold from 6% to 15% to discourage excessive imports, which had surged 24% to $71.98 billion in the fiscal year 2026.
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This policy aims to reduce the influx of gold imports, potentially stabilizing the domestic market and affecting prices for consumers and businesses involved in the gold trade.
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