Advance authorisation treatment clarified: pre-existing authorisations exempted from sequencing and excluded from scheme entitlements. Clarifies that Advance Authorisation and Duty Free Import Authorisation issued before August 14, 2013 are exempt from the sequencing requirement; imports under AA/DFIA are outside the 20:80 mechanism and accounted separately without conferring further import entitlements. Nominated agencies may supply gold to Replenishment Scheme exporters and import for that purpose, with such imports separately accounted. From the third lot onwards, permissible import quantity is the lesser of five times the exports proved or the quantity permitted in the first or second lot. Refiners may import a prescribed proportion of licence for the initial months and DGFT may notify additional refiners and quotas.
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Advance authorisation treatment clarified: pre-existing authorisations exempted from sequencing and excluded from scheme entitlements.
Clarifies that Advance Authorisation and Duty Free Import Authorisation issued before August 14, 2013 are exempt from the sequencing requirement; imports under AA/DFIA are outside the 20:80 mechanism and accounted separately without conferring further import entitlements. Nominated agencies may supply gold to Replenishment Scheme exporters and import for that purpose, with such imports separately accounted. From the third lot onwards, permissible import quantity is the lesser of five times the exports proved or the quantity permitted in the first or second lot. Refiners may import a prescribed proportion of licence for the initial months and DGFT may notify additional refiners and quotas.
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