GAGA B2B - CONNECTING IMPORTERS AND EXPORTERS

[ad_1] The government on Wednesday imposed restrictions on imports of silver and certain precious metal jewellery till March 31, 2026, due to a surge in imports from Thailand and some other Asean countries."The import policy...has been amended from 'free' to 'restricted' with immediate effect," the Directorate General of Foreign Trade (DGFT) said in a notification.Goods under the restriction category need a licence from the government.The restricted products include articles of jewellery of precious metal, silver, and unstudded and other jewellery, which were free earlier.Asean, or the Association of Southeast Asian Nations, comprises 10 countries - Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.Live EventsOfficials said Thailand isn't a silver producing country and a surge in imports is a case of circumvention of duty under the Asean-India Trade in Goods Agreement (AITIGA). "There was a s...