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of <h1>Duty-Free Gold & Silver Imports Allowed Under RBI Rules; Follow Chapter 4 EXIM Policy Procedures for Compliance.</h1> The import of gold and silver is permitted duty-free, subject to Reserve Bank of India (RBI) regulations, as per Notification No. 29 dated January 28, 2004. The existing system of imports through nominated agencies and 15 nominated banks, as outlined in Chapter 4 of the EXIM Policy and Handbook of Procedures, remains operational. Exporters can import duty-free gold and silver for exports via these agencies or directly under the Advance Licensing Scheme. The RBI retains regulatory authority over such imports, as gold and silver serve as currency and foreign exchange substitutes. This policy is endorsed by the Directorate General of Foreign Trade.
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