Export allocation requirement mandates nominated agencies to reserve part of each gold import for export use with bonded warehouse accounting. Designated importers and DGFT licensed license holders must import gold and gold dore bars through customs bonded warehouses, reserve a portion of each consignment exclusively for export production, and maintain exporter wise bonded warehouse accounts. Nominated agencies must furnish bonds and, where applicable, bank guarantees, submit consolidated monthly utilization reports in the prescribed format, permit customs audits and reconciliation, and deposit duty at the effective rate for quantities not exported within the stipulated period; license holders of dore bars must additionally maintain refinery and license holder registers and submit authenticated utilization reports.
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Provisions expressly mentioned in the judgment/order text.
Export allocation requirement mandates nominated agencies to reserve part of each gold import for export use with bonded warehouse accounting.
Designated importers and DGFT licensed license holders must import gold and gold dore bars through customs bonded warehouses, reserve a portion of each consignment exclusively for export production, and maintain exporter wise bonded warehouse accounts. Nominated agencies must furnish bonds and, where applicable, bank guarantees, submit consolidated monthly utilization reports in the prescribed format, permit customs audits and reconciliation, and deposit duty at the effective rate for quantities not exported within the stipulated period; license holders of dore bars must additionally maintain refinery and license holder registers and submit authenticated utilization reports.
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