Export allocation requirement mandates a portion of imported gold reserved for exporters; domestic sales only against full upfront payment. Imports of gold by nominated banks, agencies and other authorised entities are governed by a mandate that at least twenty percent of each consignment be reserved exclusively for exporters and the balance for domestic use; coins and medallions are prohibited. Domestic supply is limited to jewellery businesses, bullion dealers and banks authorised under the Gold Deposit Scheme and must be made against full upfront payment. Customs and refineries will monitor allocation and compliance, gold dore imports require DGFT licence, and front loading is restricted with prior RBI approval required for entities lacking exporter supply history.
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.
Export allocation requirement mandates a portion of imported gold reserved for exporters; domestic sales only against full upfront payment.
Imports of gold by nominated banks, agencies and other authorised entities are governed by a mandate that at least twenty percent of each consignment be reserved exclusively for exporters and the balance for domestic use; coins and medallions are prohibited. Domestic supply is limited to jewellery businesses, bullion dealers and banks authorised under the Gold Deposit Scheme and must be made against full upfront payment. Customs and refineries will monitor allocation and compliance, gold dore imports require DGFT licence, and front loading is restricted with prior RBI approval required for entities lacking exporter supply history.
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