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of <h1>India Withdraws 20:80 Gold Import Scheme; All Previous Restrictions Revoked Under FEMA 1999. Inform Stakeholders Now.</h1> The Government of India has decided to withdraw the 20:80 scheme and related restrictions on gold imports. Consequently, all previous instructions regarding this scheme, beginning with the circular dated August 14, 2013, are revoked immediately. Authorized Dealer Category-I banks are instructed to inform their clients and stakeholders of this change. This directive is issued under the Foreign Exchange Management Act (FEMA), 1999, and does not affect any other necessary permissions or approvals under different laws.
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