Chirayu Software Solutions

  Digital Gold Regulation in India: IBJA Introduces New Self-Regulatory Framework for Digital Gold & Silver India’s digital gold market is entering a new phase of transparency and accountability with the introduction of a self-regulatory framework led by the Indian Bullion and Jewellers Association (IBJA). As digital investments in gold and silver continue to grow rapidly, the new initiative aims to build trust, improve compliance, and create safer standards for consumers and businesses alike. According to an official press release dated 22nd April 2026, IBJA has launched a Self-Regulatory Organisation (SRO) system for companies offering digital gold and silver products. This move is expected to strengthen the structure of the fast-growing digital precious metals industry. What Is Digital Gold? Digital gold allows customers to buy, sell, and store gold online in small denominations without physically holding it. Investors can purchase gold worth even a few rupees through apps o...

 Gold Import Licences Stall: How Renewal Delays Are Squeezing India’s Bullion Industry India’s bullion market is facing growing uncertainty as delays in renewing gold import licences for dore refineries begin to impact the supply chain. Industry experts warn that if the situation continues, it could lead to higher costs, reduced supply, pressure on manufacturing, and job losses across the jewellery sector. Gold has always played a major role in India’s economy and culture. From jewellery demand to investment buying, the country remains one of the largest gold consumers in the world. However, behind the scenes, the import and refining system is now under stress due to regulatory slowdowns. What Is Happening? According to reports from the bullion sector, the government has not renewed the licences of several refineries whose import quotas for dore gold have been exhausted or whose licence period has expired. Dore gold is an unrefined form of gold that is imported and then processed i...

  DGFT's Notification No. 02/2026-27 changes the import landscape for precious metal jewellery with immediate and sweeping effect — no transitional grace period applies. 📅 1 April 2026 📄 DGFT Notification No. 02/2026-27 🌍 Ministry of Commerce & Industry 🕑 6 min read In a significant move that will reshape India's gems and jewellery trade, the Directorate General of Foreign Trade (DGFT) issued Notification No. 02/2026-27 on 1 April 2026, amending the import policy for articles of jewellery and parts thereof falling under Customs Tariff Heading (CTH) 7113 of ITC (HS) 2022, Schedule-I. The change is stark and immediate: several categories that were previously freely importable are now classified as "Restricted" — meaning an import licence is required before goods can enter India. ◆ ◆ ◆ Background: What Is CTH 7113? CTH 7113 covers articles of jewellery and parts thereof made of precious metals (gold, silver, platinum) or metal clad with precious metal. This is on...