March 5, 2025 3:36 PM

India imposes import restrictions on platinum alloys to curb misuse of trade agreements

India has imposed restrictions on the import of platinum alloys with less than 99% purity, aiming to curb potential misuse of trade agreements and prevent unfair trade practices. According to a notification issued by the Directorate General of Foreign Trade (DGFT), platinum in unwrought and powder form, along with other categories, has been reclassified from "free" to "restricted" for imports. However, platinum alloys with 99% or higher purity remain exempt from these restrictions. The decisio...