Indian Govt Restricts Silver Imports Until March 31, 2026

The government has moved to curb rising silver inflows from ASEAN nations and simultaneously introduced new conditions on rice exports. In back-to-back notifications, the Directorate General of Foreign Trade (DGFT) revised both import and export rules, with changes taking effect immediately.

Silver Imports Brought under Restriction

Citing an unexpected surge in shipments, especially from Thailand, the DGFT amended the import policy for silver and unstudded jewellery. Effective immediately, and valid until March 31, 2026, these products will no longer enjoy a free import status. 

Instead, traders will need a government licence to bring in articles of silver jewellery, parts of precious metal, and unstudded ornaments.

New Condition On Rice Exports

In a separate order, the DGFT also revised the export policy of non-basmati rice. Going forward, consignments can only move after contracts have been registered with the Agricultural and Processed Food Products Export Development Authority (APEDA). 

As per the news reports, the notification read: “Export policy of Non-Basmati Rice has been amended by incorporating an additional policy condition to the extent that export of Non-Basmati Rice shall be permitted only upon registration of contracts with the APEDA.”

India’s rice exports during April–August FY26 stood at $4.7 billion, marking a 6.4% increase over the previous year.

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Conclusion

With silver imports now restricted until March 2026 and rice exports tied to APEDA registration, the government is tightening its grip on two critical trade flows. The measures reflect a twin strategy: plugging duty loopholes in precious metal imports while maintaining closer oversight of agricultural shipments amid rising global demand.

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