The government on Monday (November 17, 2025) imposed import curbs on certain types of platinum jewellery till April next year.

The import policy of platinum jewellery “is revised from Free to Restricted, with immediate effect till April 30, 2026”, the directorate general of foreign trade (DGFT) said in the latest notification. Importers now need a licence from the DGFT to import these goods.

Bullion dealers have been importing platinum-alloy jewellery duty-free, even though the items contain about 90% gold along with small amounts of silver and platinum.

The India Bullion and Jewellers Association (IBJA) has urged the government to restrict imports of platinum jewellery in order to close this policy loophole. 

In September, the government imposed restrictions on imports of certain silver jewellery till March 31 next year. The move was aimed at curbing imports of silver in the name of “unstudded jewellery” from Thailand.

India has a free trade agreement with ASEAN (Association of SouthEast Asian nations). Thailand is a member of this 10-nation group.