The Central Government of India has imposed strict restrictions on silver imports by moving it from the 'free' to the 'restricted' category. Importers now require a special government license to bring in silver bars with 99.9% purity, silver powder, and unwrought silver. This move aims to curb non-essential imports and manage foreign exchange reserves. Additionally, the import duty on silver has been hiked from 6% to 15%. Some categories will also fall under RBI monitoring. https://www.punjabitribuneonline.com/news/business/silver-import-restrictions-central-government-imposes-strict-restrictions-on-silver-import/ #Creator program