Reporting obligations for gold imports: banks must file prescribed half yearly and monthly returns on quantities and values. Authorised Dealer Category I banks must submit two prescribed returns on gold imports in the Gems & Jewellery sector: a half yearly statement of quantity and value by mode of payment distinguishing nominated banks/agencies and EOUs/SEZs (Annex A), and a monthly statement of monthly and cumulative year to date quantity and value for non bank nominated agencies, EOUs and SEZs (Annex B). Both returns are required even if nil and may be emailed; other terms of the earlier circular remain unchanged.
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Reporting obligations for gold imports: banks must file prescribed half yearly and monthly returns on quantities and values.
Authorised Dealer Category I banks must submit two prescribed returns on gold imports in the Gems & Jewellery sector: a half yearly statement of quantity and value by mode of payment distinguishing nominated banks/agencies and EOUs/SEZs (Annex A), and a monthly statement of monthly and cumulative year to date quantity and value for non bank nominated agencies, EOUs and SEZs (Annex B). Both returns are required even if nil and may be emailed; other terms of the earlier circular remain unchanged.
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