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India Import Duty Rate for Jewellery & Precious Metals

HS 7113 / 7114 · Articles of jewellery and goldsmiths' wares

India MFN Import Duty Rate

Live

15%

on CIF value

Gold and silver jewellery 15% BCD. IGST 3% (gold) or 5% (other).

How duty is calculated

CIF value

Product cost + international freight + insurance

Import duty (15%)

Applied to CIF value. EU, UK, and most countries use CIF.

IGST (18%)

Applied to CIF value + duty. Collected at customs.

Use our Landed Cost Calculator to compute the full cost including freight, brokerage, and last-mile delivery.

Worked example: jewellery & precious metals worth US$10,000

A commercial shipment invoiced at US$10,000 with US$900 of international freight and insurance. India charges duty on the CIF value (goods + freight + insurance), so the duty base is US$10,900. Customs converts the amount to INR at the official exchange rate on the day of import.

Charge	At 15%
Import duty	$1,635
Social Welfare Surcharge (10% of duty)	$164
IGST (18%)	$2,286
Total paid at the border	$4,084

IGST is usually recoverable for a registered business, so the cost that stays with you is the duty and levies. Excise, anti-dumping duties and broker fees are not included.

Classifying jewellery & precious metals correctly

Heading 7113 covers jewellery of precious metal or metal clad with precious metal; 7117 covers imitation (costume) jewellery and 7116 articles of pearls and stones.

Gold-plated base-metal jewellery is 7117 (imitation), not 7113
Watches go to Chapter 91 even when made of gold
Loose diamonds are 7102 and loose gemstones 7103

Compliance. Precious-metal jewellery often needs hallmarking (UK, India) and diamonds need Kimberley Process certificates; jewellery from some origins faces sanctions screening.

Importing into India: what you need

The Central Board of Indirect Taxes and Customs (CBIC) assesses duty through the ICEGATE portal; Basic Customs Duty rates are in the First Schedule to the Customs Tariff Act, 1975.

Registration. An Importer-Exporter Code (IEC) from the DGFT and GST registration to claim input credit on IGST.

Low-value shipments. India has no general de minimis for commercial goods. Courier imports under the Courier Imports Regulations have value caps and the full duty stack applies.

Documents customs will ask for

Bill of Entry (filed on ICEGATE)
Commercial invoice and packing list
Bill of lading or air waybill
Certificate of origin for FTA rates (with CAROTAR 2020 origin information)
BIS registration for electronics and other items under compulsory certification

Charges on top of duty

Social Welfare Surcharge: 10% of Basic Customs Duty
IGST at the GST rate of the goods on value + BCD + SWS
Agriculture Infrastructure and Development Cess on some goods
Anti-dumping and safeguard duties

Watch out. Under CAROTAR 2020 the importer must hold origin information when claiming an FTA rate — a certificate alone is not enough if customs asks.

Frequently asked questions

What is the import duty rate for Jewellery & Precious Metals in India?

The MFN (Most Favoured Nation) import duty rate for Jewellery & Precious Metals (HS 7113 / 7114) in India is 15% on the CIF value. Gold and silver jewellery 15% BCD. IGST 3% (gold) or 5% (other).

Is IGST charged on Jewellery & Precious Metals imports to India?

Yes. India charges IGST at 18% on the CIF value plus any import duty. This applies to virtually all commercial imports.

Are there FTA rates available for Jewellery & Precious Metals in India?

India has free trade agreements with SAFTA (South Asia), India–ASEAN FTA, India–Japan CEPA, India–Korea CEPA. Check whether your origin country qualifies for a preferential rate on HS 7113 / 7114.

How is import duty calculated for Jewellery & Precious Metals entering India?

Duty is calculated on the CIF value of the goods. CIF value includes the product cost, international freight, and insurance. The MFN duty of 15% is applied to this value. IGST (18%) is then applied on the duty-paid value.