Amendment in Policy Condition of Platinum
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) – Notification No. 60/2024-25
S.O. (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.
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