Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>RBI Revises Gold Import Rules: 20% Must Be Exported; Fresh Imports Allowed After 75% Exported from Bonded Warehouses.</h1> The circular issued by the Reserve Bank of India outlines revised guidelines for the import of gold by nominated banks, agencies, and entities. It mandates that at least 20% of imported gold must be reserved for export purposes, and fresh imports are only allowed after 75% of the gold reserved in bonded warehouses has been exported. The instructions apply to all forms of gold, including coins and dore, and are aimed at ensuring compliance with foreign exchange regulations. Special Economic Zones (SEZs) and Export-Oriented Units (EOUs) can import gold exclusively for export. The guidelines are effective immediately and require strict adherence by authorized dealers.