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of <h1>New Guidelines for Gold Imports: Clarification on AA, DFIA Schemes, and Compliance with FEMA for Banks and Agencies.</h1> The circular provides clarifications on the import of gold and gold dore by nominated banks, agencies, and entities. It addresses issues related to the Advance Authorisation (AA) and Duty Free Import Authorisation (DFIA) schemes, stating that imports under these schemes will be separate from the 20:80 scheme and will not allow further import rights. It details the conditions for gold imports, including the requirement for proof of export and specific import limits. The circular also clarifies guidelines for refiners importing gold dore and emphasizes compliance with the Foreign Exchange Management Act (FEMA).
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