India Loosens Restrictions on Silver Imports

India amended its import policy for certain types of silver, according to a May 13 notice from the country’s Directorate General of Foreign Trade. The update will loosen certain restrictions on imports of powdered silver, unwrought silver, silver sheets, pipes, strips, tubes and more, the notice said. India said silver imports “under Advance Authorization and supply of silver directly by foreign buyers to exporters” under the country’s Foreign Trade Policy “are exempted.”