Commerce Ministry Launches Self-Declaration Route for Faster Silver Import Authorisations
The Commerce Ministry has introduced a simplified, self-declaration-based procedure to speed up silver import authorisation for certain silver items, according to a trade notice from the Directorate General of Foreign Trade (DGFT) reported on October 14, 2026. The change aims to cut processing time for genuine applicants.
What the Procedure Changes
Imports of silver items fall in a restricted category, so a licence, authorisation or permission is required from the government. The DGFT said the new procedure is meant to facilitate trade and improve ease of doing business through expedited issuance of authorisations based on self-declaration and trust. It covers silver items excluding silver dore.
| Feature | Detail | Signal |
|---|---|---|
| Applicable items | Silver items, excluding silver dore | Narrower than all silver imports |
| Eligibility condition | Self-declaration of duty payment at the generally applicable rate, without concessions | Expedited disposal |
| Other applications | Detailed scrutiny and examination on merits | Existing process continues |
| Pending applications | One-time opportunity to revise on the DGFT portal | Transition relief |
| Sourcing condition | Only via IIBX, Nominated Banks or notified agencies | Channel restriction |
Applications accompanied by a declaration that imports will be made on payment of customs duty at the generally applicable rate, without availing concessions, may be considered for expedited disposal. Applications that do not fall in this category will be subject to detailed scrutiny and examination on merits in accordance with the applicable policy provisions.
Transition for Pending Applications
As a one-time measure, existing applicants whose applications are pending on the DGFT portal will get an opportunity to revise them in line with the simplified procedure.
Condition on Sourcing
Import authorisations issued under the procedure will carry a condition that the authorised item is procured only through the India International Bullion Exchange (IIBX) or through Nominated Banks or notified agencies.
Market and Sector Impact
The notice does not state volumes, duty rates or any expected effect on domestic silver prices, so the market impact is not quantified. The measure changes the application route and processing speed rather than the import policy status of silver items, which remain in the restricted category.
What to Watch
Track how many pending applications are revised under the one-time window, how quickly the DGFT issues authorisations under the new route, and whether further trade notices clarify the scope of silver items covered.