Containing 99.5 percent or more by weight of gold
Unwrought gold of 99.5 percent or higher purity
HSN 7108 12 10 (unwrought gold, ≥99.5% purity) is Restricted under the ITC (HS) import policy administered by the Directorate General of Foreign Trade (DGFT), and import is permitted only through nominated agencies notified by the Reserve Bank of India or DGFT, Qualified Jewellers notified by the International Financial Services Centres Authority (IFSCA) transacting through the India International Bullion Exchange (IIBX), or valid India-UAE Tariff Rate Quota holders as notified by IFSCA. No other importer category may clear this tariff line at the bill of entry.
- Nominated agency authorisation from DGFT or RBI
- IFSCA Qualified Jeweller or TRQ notification
- ITC (HS) policy compliance declaration
- 1Establish importer eligibility before filing the bill of entry: only (i) RBI-nominated or DGFT-nominated agencies, (ii) IFSCA-notified Qualified Jewellers transacting through the India International Bullion Exchange, or (iii) valid India-UAE TRQ holders notified by IFSCA may import this tariff line. Consignments tendered by any other entity are liable to detention and confiscation under the Restricted-import regime.DGFT Notification 8/2025-26 dated 19-05-2025 · ITC (HS) Restricted import policy, Chapter 71
- 2IFSCA TRQ holders must route physical delivery exclusively through IFSCA-registered vaults located in SEZs and comply with IFSCA guidelines on vault custody and delivery. Physical delivery outside these vaults is not permitted under the TRQ mechanism.DGFT Notification 8/2025-26 dated 19-05-2025 · DGFT Public Notice 31/2025-26 dated 29-10-2025
- 3Verify that the importing bank appears on the RBI-authorised list for FY 2025-26 as updated by DGFT Public Notice 40/2025-26, which amended Appendix 4B of the Handbook of Procedures 2023 with effect from 01-04-2025. SBER Bank's authorisation is for domestic consumption only and is operative from 25-06-2025 to 31-03-2026.DGFT Public Notice 40/2025-26 dated 19-12-2025 · Amendment in Appendix 4B of HBP, 2023
The most common error on this tariff line is conflating eligibility categories: a bank that is RBI-nominated for general bullion imports must still confirm its name appears on the current Appendix 4B list for the relevant financial year, as authorisations are annual and lapse on 31 March. An expired or unlisted authorisation renders the import Restricted with no curable defect at the bill of entry stage — the consignment faces detention and potential re-export until a fresh nomination is obtained.