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of <h1>New Guidelines for Precious Metals Import by Nominated Agencies in India Effective February 2011.</h1> The circular outlines the consolidated guidelines for the import of precious metals by nominated agencies in India. It specifies that Premier and Star Trading Houses must request certification from the relevant Regional Authority, which is valid for one year and renewable annually based on performance and regular reporting. Nominated agencies must maintain import records and submit half-yearly returns, which are compiled and sent to the Directorate General of Foreign Trade (DGFT). The guidelines are effective from February 1, 2011, and are subject to Foreign Trade Policy, Reserve Bank of India guidelines, and Customs regulations. Any operational issues should be reported to the Directorate.
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