The government on Thursday restricted the import of gold under advance authorisation to 100 kg per licence, the Directorate General of Foreign Trade (DGFT) said in a notice.
Importers will have to fulfil 50 per cent of the committed export obligation under a licence before issuance of a subsequent advance authorisation, according to the notice.
Regional authorities will also undertake mandatory physical inspection of first-time advance authorisation applicants.
“The advance authorisation holder shall submit a fortnightly performance report to the concerned regional authority,” the notice said.
These regional authorities would, in turn, submit a comprehensive monthly report to the DGFT detailing all the authorisations and corresponding import-export transactions of gold, to facilitate centralised monitoring.
The move comes just a day after the government raised the duty on gold imports to 15 per cent from 6 per cent to discourage imports of the precious metal. India’s gold imports had jumped 24 per cent to $71.98 billion in FY26.
