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Notification No. 25/2015-2020 New Delhi, Dated:    25 August, 2017 Subject:   Amendment in import policy of   gold and silver under Chapter 71 of the ITC(HS) 2017, Schedule- I (Import Policy).  S.O. (E): In exercise of powers conferred  by Section 3  (2) of the FT(D&R)Act,  1992  as amended from time to time, read with paragraph  1.02  and 2.01  of the Foreign Trade Policy, 2015-2020, the Central  Government  hereby  inserts  Policy  Condition  No.  4 under  Chapter  71   of  the ITC(HS) 2017, Schedule- I (Import Policy) to read as under:-  "Imports  from  South  Korea of articles  of jewellery  and  parts thereof,  of precious metal  or  of metal  clad  with  precious  metal  under  Exim  code  7113;  articles  of goldsmiths^  or silversmiths^  wares and parts thereof,  of precious  metal or of metal clad with precious  metal under Exim code 7114;  other articles  of precious  metal or of metal clad with precious metal under Exim code 7115; and coins under Exim code 7118 are Restricted." 2.       The facility/protection  under para 1.05  of FTP shall not be available for import of the above items from the date of restriction. 3.       Effect  of  this Notification:  Policy Condition No. 4 restricting  imports  of gold and silver under Exim Codes  7113,  7114,  7115  and 7118  from  South  Korea  is  inserted  in  Chapter  71  of ITC(HS) 2017  .