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) - 60/2024 - Foreign Trade Policy

Government of India Ministry of Commerce Industry Department Of Commerce Directorate General of Foreign Trade Vanijya Bhawan, New Delhi Notification No. 60/2024-25 Dated: 05 th 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. 1085 (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 Additional Secretary to the Government of India Email: [email protected] (Issued from File No. 01/89 /1 80 / 93 /AM -24 / P C -2(A) /E- 42179)