Export allocation for gold imports enforced; nominated agencies must route imports through bonded warehouses and secure export proof. Import of gold is limited to DGFT/RBI notified nominated agencies; coins and medallions are prohibited. Each consignment must reserve a fixed exporter allocation while the balance is for domestic use, with SEZ/EOU and authorised export allocations treated separately. All imports must be routed through customs bonded warehouses; nominated agencies must furnish bonds and, unless exempted, bank guarantees tied to estimated duty. Customs shall maintain agency wise registers, require exporter registration and proof of export, reconcile exports before permitting subsequent imports, and restrict later consignments based on exported quantities certified to customs.
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Export allocation for gold imports enforced; nominated agencies must route imports through bonded warehouses and secure export proof.
Import of gold is limited to DGFT/RBI notified nominated agencies; coins and medallions are prohibited. Each consignment must reserve a fixed exporter allocation while the balance is for domestic use, with SEZ/EOU and authorised export allocations treated separately. All imports must be routed through customs bonded warehouses; nominated agencies must furnish bonds and, unless exempted, bank guarantees tied to estimated duty. Customs shall maintain agency wise registers, require exporter registration and proof of export, reconcile exports before permitting subsequent imports, and restrict later consignments based on exported quantities certified to customs.
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