Import of gold: permitted to nominated agencies, approved banks and EOUs/SEZ units subject to EXIM and FEMA compliance. Nominated agencies, approved banks and EOUs/SEZ units in the gems and jewellery sector may directly import gold in accordance with the EXIM Policy; ADs may open LCs and allow remittances only on behalf of those authorised importers, subject to prescribed credit period limits, strict KYC/AML due diligence, verification of supplier and importer credentials, preservation of documents for five years, and monthly reporting of import transactions to the Reserve Bank. These directions are issued under FEMA and do not replace other statutory approvals that may be required.