Import of gold requirements: nominated importers must allocate portions for export and retain bonded stock before further imports are allowed. Nominated banks and agencies importing gold must allocate a minimum portion of each import lot exclusively for export, link such imports to exporter financing, and restrict domestic distribution to jewellery businesses and bullion dealers; the same portion must be retained in customs bonded warehouses. Fresh imports are permitted only after a specified share of bonded stock has been exported; the 20/80 principle applies to all import schemes and prior consignment and LC restrictions are withdrawn. SEZs and EoUs may import solely for exports; AD Category I banks are responsible for monitoring compliance under FEMA.
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Import of gold requirements: nominated importers must allocate portions for export and retain bonded stock before further imports are allowed.
Nominated banks and agencies importing gold must allocate a minimum portion of each import lot exclusively for export, link such imports to exporter financing, and restrict domestic distribution to jewellery businesses and bullion dealers; the same portion must be retained in customs bonded warehouses. Fresh imports are permitted only after a specified share of bonded stock has been exported; the 20/80 principle applies to all import schemes and prior consignment and LC restrictions are withdrawn. SEZs and EoUs may import solely for exports; AD Category I banks are responsible for monitoring compliance under FEMA.
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