India restricts precious jewellery imports from ASEAN

Import licences now mandatory for ASEAN jewellery

Trade & Tariffs
🇮🇳
Economic Times ·
Change
India imposed licensing requirements on gold, silver and platinum jewellery imports from ASEAN countries with immediate effect.
Why it matters
Duty-free import channels under the ASEAN trade pact are effectively closed, with no exemptions for existing contracts or shipments.
Implications
  • — Importers must obtain licences — compliance barrier increases
  • — Non-compliant shipments risk rejection — supply disruption likely

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Source
Economic Times
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