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<h1>Nominated Agencies Must Report Precious Metal Transactions Biannually Under FTP and HBP 2023; Follow RBI Guidelines</h1> The reporting requirements for nominated agencies (excluding designated banks) handling precious metals such as gold, silver, and platinum under the Foreign Trade Policy (FTP) and Handbook of Procedures (HBP) 2023. Agencies must submit a biannual statement detailing transactions, including import values, quantities, stock levels, and utilization for exports and domestic supply. The report must be signed by an authorized signatory and sent to the relevant Regional Authority. Specific conditions apply for transactions exceeding ten per month or imports over USD 50 million. Separate reports are required for different metals, and agencies should adhere to RBI guidelines.