Company
Directorate General of Foreign Trade
The Indian government agency that issues the list of banks authorised to import precious metals.
Covered in 2 MetalsCost.com News Intelligence articles, most recently on October 19, 2026.
Coverage
Silver
DGFT Fast-Tracks Silver Import Approvals for Buyers Who Pay Full Customs Duty
India's Directorate General of Foreign Trade has created a faster route to the import authorisations needed for silver bullion since May. From October 15, applicants who declare they will pay full customs duty, with no concessions, can have their applications fast-tracked.
Gold
India Confirms Banks Have Paid 3% IGST on Gold Imports Since April as Exemption Lapses
India's government has confirmed that banks lost their exemption from 3% IGST on gold, silver and platinum imports on March 31 and have paid the tax since April. The GST Council was informed at its meeting on October 8.
