Gold loan tenor aligned with SBLC validity to permit extended repayment and import-on-loan procedures for exporters. Permits nominated agencies, approved banks, EOUs and SEZ units in the Gem and Jewellery sector to import gold on loan with a maximum tenor governed by the Foreign Trade Policy and Government notifications, presently 240 days. SBLCs may be opened by Authorised Dealers in line with FEDAI guidelines only for authorised importers and in favour of internationally renowned bullion banks, and ADs must keep documentation linking imports to the SBLC while observing other existing import and L/C instructions and obtaining any additional statutory approvals required.