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<h1>RBI Clarifies Import Guidelines: Gold, Silver, and Platinum Rules for Nominated Agencies Under FEMA 1999.</h1> The Reserve Bank of India issued a circular to all authorized dealers in foreign exchange, emphasizing that the guidelines outlined in a previous circular regarding the import of gold under the Nominated Agency Scheme also apply to the import of silver and platinum. Dealers are instructed to issue letters of credit only on behalf of the nominated agency and not for other entities, even if a letter of authority from the nominated agency is presented. These instructions are issued under the Foreign Exchange Management Act 1999. Dealers are advised to inform their relevant clients of these directives.