Duty free import of gold preserved while nominated agency route and advance licensing remain available, subject to RBI regulation. The circular confirms that duty free imports of gold and silver for exports continue to be permitted through nominated agencies and nominated banks or directly under the Advance Licensing Scheme under Chapter 4 of the EXIM Policy. It reiterates that the Reserve Bank of India retains the right to regulate gold imports under Notification No. 29 and that any RBI changes are deemed covered by the EXIM Policy.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Duty free import of gold preserved while nominated agency route and advance licensing remain available, subject to RBI regulation.
The circular confirms that duty free imports of gold and silver for exports continue to be permitted through nominated agencies and nominated banks or directly under the Advance Licensing Scheme under Chapter 4 of the EXIM Policy. It reiterates that the Reserve Bank of India retains the right to regulate gold imports under Notification No. 29 and that any RBI changes are deemed covered by the EXIM Policy.
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