Articles of platinum

Goldsmiths' and silversmiths' articles of platinum

DGFT CLEARANCE

HSN 7114 19 20 (Articles of platinum) is subject to the ITC (HS) Restricted-import policy administered by the Directorate General of Foreign Trade (DGFT) under Policy Condition No. 6 of Chapter 71, introduced by DGFT Notification 58/2025-26 dated 05-02-2026. Import of platinum articles is Restricted as a general rule, with Free status available only for three narrow re-import categories. Imports from South Korea of specified Chapter 71 items are additionally subject to Policy Condition No. 4 of Chapter 71.

What this is

HSN code

7114 19 20

Chapter

71 · Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal, and articles thereof

Primary regulator

DGFT · ITC (HS) Restricted import policy, Policy Condition No. 6 of Chapter 71

Customs documentation

Import authorisation from DGFT
Re-import documentation from exporter
ITC (HS) policy compliance declaration

Compliance steps

1
Confirm whether the consignment falls within one of the three Free re-import categories under Policy Condition No. 6 of Chapter 71: (a) re-import of Indian-origin goods carried for overseas exhibitions or export-promotion tours, (b) re-import of Indian-origin rejected, returned, or unsold goods, or (c) re-import of Indian-origin goods intended for repair. Any import that does not meet one of these categories is Restricted and requires a DGFT import authorisation before the bill of entry is filed.
DGFT Notification 58/2025-26 dated 05-02-2026 · Policy Condition No. 6 of Chapter 71, ITC (HS)
2
If the goods originate from South Korea, separately verify compliance with Policy Condition No. 4 of Chapter 71, which imposes a Restricted-import overlay on specified Chapter 71 items from South Korea. Both policy conditions must be satisfied concurrently; the South Korea restriction is independent of the platinum-articles restriction under Policy Condition No. 6.
Policy Condition No. 4 of Chapter 71, ITC (HS)

A word of counsel

The most frequent error on this tariff line is treating the re-import carve-outs as general exemptions rather than origin-conditioned categories: all three Free categories require that the goods be of Indian origin, and customs will verify supporting export documentation — the original shipping bill, exhibition participation certificates, or rejection/return correspondence — at the bill of entry. A consignment of platinum articles imported new from any overseas supplier does not qualify for any of the Free carve-outs and will be detained as a Restricted import if no DGFT authorisation is produced.

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Frequently asked

Does HSN 7114 19 20 require BIS certification?

No, articles of platinum are not covered by any BIS Quality Control Order. Import is governed by the ITC (HS) Restricted-import policy administered by the Directorate General of Foreign Trade under Policy Condition No. 6 of Chapter 71, introduced by DGFT Notification 58/2025-26 dated 05-02-2026.

What documentation is required to claim the Free re-import status for returned or unsold platinum articles?

The importer must produce evidence of Indian origin and the original export event — typically the original shipping bill and, where applicable, rejection or return correspondence from the overseas buyer — to substantiate the claim under Policy Condition No. 6(b) of Chapter 71 at the bill of entry.

Does the South Korea restriction under Policy Condition No. 4 apply even when the platinum articles qualify for a Free re-import category?

Yes. Policy Condition No. 4 of Chapter 71 is a separate and concurrent restriction on specified Chapter 71 imports from South Korea; satisfying the re-import carve-out under Policy Condition No. 6 does not override the South Korea-specific overlay, and both conditions must be addressed independently.

Last verified against gazette notifications: 2026-05-16. Source: DGFT / Indian Customs CUSDATA.