The Directorate General of Foreign Trade (DGFT) has issued Trade Notice 30/2026-27, outlining a simplified procedure for the expedited issuance of import authorisations specifically for silver bullion under the ITC(HS) code 7106. This change aims to facilitate quicker processing and reduce the administrative burden on importers dealing with silver bullion.
This update is crucial for importers of silver bullion as it potentially reduces the time and complexity involved in obtaining necessary import authorisations. While the notice specifically mentions silver bullion, it is important for importers to verify if their specific consignments fall under the affected ITC(HS) code. The simplification could lead to faster clearance times, impacting the overall logistics and supply chain efficiency for those involved in the trade of silver bullion.
1) Open the official notice here
2) Check whether your CTH, documents or policy line is touched
3) Ask Neo's CHA before changing Bill of Entry or Shipping Bill practice