Withdrawal of gold import restrictions ends prior scheme, restoring normal import rules for nominated banks and agencies. All prior instructions implementing the 20:80 gold import scheme are withdrawn with immediate effect; the scheme and its restrictions on gold import by nominated banks, agencies and entities cease to apply, AD Category I banks must notify their constituents, and the directions are issued under powers of the central foreign exchange statute without prejudice to permissions required under other laws.
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.
Withdrawal of gold import restrictions ends prior scheme, restoring normal import rules for nominated banks and agencies.
All prior instructions implementing the 20:80 gold import scheme are withdrawn with immediate effect; the scheme and its restrictions on gold import by nominated banks, agencies and entities cease to apply, AD Category I banks must notify their constituents, and the directions are issued under powers of the central foreign exchange statute without prejudice to permissions required under other laws.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.