Other

Coin other than gold, silver or base metal coin

DGFT CLEARANCE · CBIC CLEARANCE

HSN 7118 90 00 (Coin, Other) is subject to the ITC (HS) Restricted-import policy administered by the Directorate General of Foreign Trade (DGFT), with import permitted only through nominated agencies notified by the Reserve Bank of India (for banks), DGFT (for other agencies), and IFSCA (for qualified jewellers through the India International Bullion Exchange). The Central Board of Indirect Taxes and Customs (CBIC) applies customs-level policy overlays governing nominated-agency routing and advance-authorisation exemptions.

What this is

HSN code

7118 90 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

Customs documentation

Nominated agency authorisation from DGFT
Import licence from RBI or IFSCA
ITC (HS) policy compliance from CBIC

Compliance steps

1
Confirm that the importing entity is a nominated agency notified by the RBI (for banks), DGFT (for other agencies), or IFSCA (for qualified jewellers through the India International Bullion Exchange) before filing the bill of entry. Import through non-nominated entities is prohibited under the Restricted-import status.
DGFT Notification 36/2015-20 dated 18-12-2019 · CBIC Customs Circular 23/2018 dated 23-07-2018 · CBIC Customs Circular 27/2016 dated 10-06-2016
2
Where the import is made under an Advance Authorisation or involves supply of gold directly by a foreign buyer to an exporter against an export order, govern the import under the relevant Foreign Trade Policy provisions, including Para 4.45 of the FTP. Note that the expression 'gold in any form' under Chapter 71 covers gold above 22 carats.
Para 4.45 of the FTP · S.O. 67(E) · DGFT Notification 49/2015-20 dated 02-09-2021

A word of counsel

The most common error on this tariff line is assuming that an Advance Authorisation or export-linked arrangement bypasses the nominated-agency routing requirement altogether. The carve-out for AA holders and foreign-buyer gold supply applies only within the specific FTP provisions and does not confer unrestricted-import status; a consignment routed through a non-nominated channel outside those carve-outs is liable to detention, confiscation, and monetary penalty under the Customs Act, 1962 and DGFT enforcement action.

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Frequently asked

Does HSN 7118 90 00 require BIS certification?

No, coin falling under this residual tariff line is outside the BIS Quality Control Order regime. Import is governed by the ITC (HS) Restricted-import policy administered by the Directorate General of Foreign Trade, with import confined to nominated agencies notified by RBI, DGFT, or IFSCA.

Which agencies are nominated to import under HSN 7118 90 00?

Nominated agencies are notified separately by the RBI (in the case of banks), DGFT (for other agencies), and IFSCA (for qualified jewellers through the India International Bullion Exchange), per DGFT Notification 36/2015-20 dated 18-12-2019.

Does the definition of 'gold in any form' affect classification under this tariff line?

Yes. Per S.O. 67(E) and DGFT Notification 49/2015-20, 'gold in any form' under Chapter 71 includes gold above 22 carats in any form, which may affect the applicable import-policy condition and nominated-agency requirement for gold-content coin.

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