Coin (other than gold coin), not being legal tender

Non-legal-tender coins other than gold coin

DGFT CLEARANCE

HSN 7118 10 00 (non-legal-tender coins other than gold coin) is subject to ITC (HS) Restricted-import policy administered by the Directorate General of Foreign Trade (DGFT) under policy condition no. 4 of Chapter 71. Imports originating from South Korea of specified items under this chapter are restricted and require compliance with that condition before customs out-of-charge.

What this is

HSN code

7118 10 00

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, Chapter 71, policy condition no. 4

Customs documentation

Import Licence from DGFT
ITC (HS) policy compliance from DGFT

Compliance steps

1
Verify whether the consignment originates from South Korea. If so, confirm compliance with policy condition no. 4 of Chapter 71 of the ITC (HS) schedule, under which imports of specified items from South Korea are Restricted and require an appropriate DGFT authorisation before the bill of entry is filed.
ITC (HS) Import Policy, Chapter 71, policy condition no. 4
2
Ensure all DGFT-mandated authorisation documents are uploaded in e-Sanchit at the bill of entry stage. Customs out-of-charge will not be granted until the Restricted-import policy condition is demonstrably satisfied.
ITC (HS) Import Policy, Chapter 71, policy condition no. 4

A word of counsel

The most common error on this tariff line is failing to identify South Korean origin as a trigger for the Restricted-import condition. Importers sourcing non-legal-tender coins through an intermediary country may inadvertently present a non-South-Korean bill of lading while the goods remain South Korean in origin; a mismatch between declared origin and actual country of origin can attract confiscation and monetary penalty under the Customs Act, 1962.

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Frequently asked

Does HSN 7118 10 00 require BIS certification?

No, non-legal-tender coins other than gold coin are not covered by any BIS Quality Control Order. Import is governed solely by the ITC (HS) Restricted-import policy administered by the Directorate General of Foreign Trade, specifically policy condition no. 4 of Chapter 71.

Does the South Korea restriction under policy condition no. 4 apply to all coins under this HSN or only specified items?

Policy condition no. 4 of Chapter 71 applies to specified items imported from South Korea; importers should verify the current list of specified items against their product description before filing the bill of entry.

Are coins originating from countries other than South Korea freely importable under HSN 7118 10 00?

The CCR restriction recorded for this tariff line relates specifically to South Korean-origin goods; consignments from other origins are not subject to the same policy condition, though standard customs documentation and correct origin declaration remain mandatory.

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