The Director General of Foreign Trade (DGFT) has issued an amendment to Notification No. 18/2025-26 dated 17th June 2025, under the powers conferred by Section 3 and Section 5 of the Foreign Trade (Development & Regulation) Act, 1992, read with Paragraphs 1.02 and 2.01 of the FTP 2023.
This amendment pertains to import policy conditions for select precious metal alloys—namely, Iridium, Osmium, and Ruthenium—especially when they are combined with more than 1% gold by weight.
What’s the Key Change?
The import policy conditions for two ITC (HS) codes have been revised to explicitly bring Osmium and Ruthenium alloys (in addition to Iridium) within the “Restricted” import category if they contain more than 1% gold by weight.
Previously, only Iridium alloy with gold content above 1% was restricted. The amendment now extends this condition to Osmium and Ruthenium alloys as well.
Amended Import Policy Conditions Table:
ITC (HS) Code | Item Description | Existing Import Policy Condition | Revised Import Policy Condition |
71104100 | Iridium, osmium and ruthenium: –Unwrought or in powder form | However, import of Iridium alloy consisting of gold more than 1 percent (1%) by weight is Restricted | However, import of Iridium alloy, osmium alloy and ruthenium alloy) consisting of gold more than 1 percent (1%) by weight is Restricted. |
71104900 | Iridium, osmium and ruthenium: — Other | However, import of Iridium alloy consisting of gold more than 1 percent (1%) by weight is Restricted | However, import of Iridium alloy, Osmium alloy, and Ruthenium alloy consisting of gold more than 1% by weight is Restricted. |
Legal Reference
This amendment is notified under the authority of:
- Section 3 & Section 5 of the Foreign Trade (Development & Regulation) Act, 1992
- Para 1.02 & 2.01 of the Foreign Trade Policy (FTP) 2023
Implications for Importers
- Importers dealing in alloys of Iridium, Osmium, and Ruthenium that contain more than 1% gold by weight will now need prior DGFT authorisation.
- Trade stakeholders should reassess their import strategies and verify compliance requirements before making shipments of these specific items.
Notification Reference: DGFT
Corrigendum to Notification No. 18/2025-26 dated 17.06.2025
25 /06/2025
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