India has authorized 17 banks to import gold and silver for a three-year window beginning April 1, 2026, with validity until March 31, 2029. The government move is aimed at clearing a customs clearance bottleneck that had stalled shipments. Importers can now expect smoother processing and more predictable precious metals trade.
ASSocham has pitched the government to extend the “Vivad Se Vishwas” settlement scheme beyond current coverage into highly regulated sectors such as telecom, power, and mining. It also wants a dedicated dispute resolution mechanism for customs-related cases, arguing that tax and procedural stability would reduce litigation burdens and improve business certainty.
Your news, in seconds
Get the Beige app — every story in 60 words, updated hourly. Free on iOS & Android.
India’s Finance Ministry is preparing discussions over customs warehousing benefits under the MOOWR scheme for imported battery storage systems. Industry groups warn the policy could tilt the market against domestic players, prompting concerns about misuse and gaps in implementation. The government plans consultations with the power and renewable energy ministries before deciding how the move fits energy security goals.
DPIIT has announced multi-sector regulatory relaxations aimed at strengthening industrial supply chains, focusing on uninterrupted access to fuel, gas, and essential raw materials. The plan includes customs duty waivers, expedited licensing, and quicker processing for CNG and CBG station applications. It also allows temporary storage relaxations for kerosene and imposes a ban on ammonium nitrate exports.
Swipe through stories, personalise your feed, and save articles for later — all on the app.
