Chirayu Software Solutions

 IIBX Revises Silver Contract Charges: What Bullion Traders Need to Know in 2026 A Fresh Circular, A Familiar Message: Costs Are Changing on the Exchange If you trade silver on the India International Bullion Exchange (IIBX), there's a new development worth pausing on. On 15th July 2026, the Exchange issued Circular No. IIBX-MEM-2026-059, announcing revised Transaction Charges and Document Handling Charges for Silver Contracts. The changes are effective immediately, which means every member trading silver products on the Spot segment needs to factor these updated numbers into their cost calculations starting right now — not next quarter, not after a grace period, but from the date of the circular itself. For anyone involved in bullion trading — whether you're a broker, a jeweller sourcing silver through the exchange, or a compliance officer tracking regulatory updates — circulars like this one are more than administrative footnotes. They directly affect margins, pricing mode...

In a significant move for India’s bullion and jewellery industry, the Directorate General of Foreign Trade (DGFT) has officially extended the validity of Tariff Rate Quota (TRQ) Authorisations for the import of gold under the India-UAE Comprehensive Economic Partnership Agreement (CEPA) until 30th September 2026 . This extension, announced through Public Notice No. 18/2026-27 dated 1st July 2026 , provides relief and clarity to importers, traders, and jewellers who depend on gold imports under the preferential trade agreement. What is the TRQ for Gold Imports? The Tariff Rate Quota (TRQ) system allows eligible importers to bring gold into India at concessional duty rates under a predefined quota. Under the India-UAE CEPA agreement, this mechanism helps Indian businesses import gold at more competitive costs, improving liquidity and price efficiency in the domestic market. The tariff head covered under this notice is 7108 , which relates specifically to gold. What Has Changed? ...

  IFSCA Relaxes Gold & Silver Import Rules Through IIBX – Big Opportunity for SEZ Jewellers and Exporters In a major policy update for India’s bullion and jewellery sector, the International Financial Services Centres Authority (IFSCA) has announced key amendments to its circular governing the import of gold and silver through the India International Bullion Exchange (IIBX). Issued on 15 June 2026 , this amendment is designed to simplify import procedures, expand eligibility, and strengthen transparency in the bullion ecosystem. The latest reforms are expected to directly benefit jewellers, bullion traders, SEZ exporters, and businesses involved in precious metal imports. Why This Amendment Matters India has been steadily moving toward a more organized bullion import structure, and IIBX plays a central role in this transformation. The latest IFSCA changes show a clear intent to: Increase accessibility for exporters Reduce entry barriers for SEZ units Improve regulatory transpar...

  Major Changes in Gold & Silver Import Rules via IIBX – What Jewellers Need to Know in 2026 The International Financial Services Centres Authority (IFSCA) has released an updated consolidated circular on 15 June 2026 , introducing significant changes to the import of gold and silver through the India International Bullion Exchange (IIBX). These changes aim to make bullion imports more accessible, transparent, and efficient for jewellers, exporters, and bullion traders across India. This move is expected to have a major impact on the bullion ecosystem, especially for SEZ units, exporters, and qualified jewellers. What is IIBX? India International Bullion Exchange (IIBX) is India’s dedicated bullion exchange located in GIFT City, Gujarat. It allows eligible participants to directly import gold and silver in a regulated and transparent environment. The platform was introduced to reduce dependency on traditional import channels and improve pricing efficiency. Key Changes in the La...

  India Revises Gold & Silver Import Tariff Values from 16 June 2026 – What It Means for Bullion Traders The Government of India has issued Notification No. 55/2026-Customs (N.T.) on 15 June 2026 , revising the tariff values for several imported commodities including gold, silver, palm oil, soybean oil, brass scrap, and areca nuts. This notification, released by the Central Board of Indirect Taxes and Customs (CBIC) under the Ministry of Finance, will come into effect from 16 June 2026 . For bullion traders, Jewellers, and investors, the biggest focus remains on the updated tariff values of gold and silver, as these directly influence import duties and market pricing. What Are Tariff Values? Tariff value is the government-declared value on which customs duty is calculated for imported goods. It may differ from actual market prices and is used to maintain uniformity in taxation. For bullion imports, tariff values play a crucial role because customs duty is applied based on thi...

 A Comprehensive Guide to Setting Up a Unit in GIFT IFSC Establishing a business presence in the Gujarat International Finance Tec-City (GIFT) International Financial Services Centre (IFSC) is a strategic move for entities looking to operate in a global financial hub. The process involves a structured sequence of regulatory and administrative steps. This guide outlines the indicative process based on current regulatory requirements. Phase 1: Preparation and Incorporation The initial phase focuses on securing your physical footprint and legal status. Note that steps 1a and 1b can be executed simultaneously. Identify Office Space: Coordinate with a co-developer to identify suitable office space and execute a Letter of Intent (LOI). Name Reservation: Reserve your company name with the Ministry of Corporate Affairs (MCA). Note: A branch or LLP is not required to incorporate a new company with the MCA. Provisional Allotment: Obtain the Provisional Letter of Allotment (PLOA) and a No...

  India Tightens Silver Import Regulations: DGFT Introduces Mandatory Import Authorisation for Specific Silver Categories The Government of India has introduced a significant amendment to the import policy governing silver and silver-related products. Through Notification No. 19/2026-27 dated June 2, 2026, issued by the Directorate General of Foreign Trade (DGFT), the government has revised the import conditions for specific silver products covered under Chapter 71 of ITC (HS) 2022. The move aims to strengthen regulatory oversight, improve transparency in bullion imports, and ensure tighter monitoring of precious metal inflows into the country. What Has Changed? Prior to this amendment, imports of certain silver products were permitted through nominated agencies notified by the Reserve Bank of India (RBI), DGFT, and qualified jewellers authorized by the International Financial Services Centres Authority (IFSCA) for transactions through the India International Bullion Exchange (IIBX...