After Duty Hike Comes Curbs on Silver Import The Indian government's latest move to restrict silver imports is a telling sign of its growing inclination towards protectionist policies.
Barely a week after Prime Minister Narendra Modi urged citizens to cut down on non essential imports and defer gold purchases, the Directorate General of Foreign Trade has slapped curbs on certain types of silver imports.
These restrictions come in the form of a notification that categorizes silver bars containing 99% or more of the metal as "restricted.