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of <h1>Guidelines for Importing Precious Metals in India: Authorized Agencies, Record-Keeping, and Customs Procedures per Foreign Trade Policy.</h1> The circular outlines guidelines for the import of precious metals by nominated agencies in India, as per the Foreign Trade Policy (FTP). Designated banks and specific agencies, including MMTC Limited, State Trading Corporation, and others, are authorized for direct import. Premier and Star Trading Houses in the Gems & Jewellery sector must obtain a certificate from the Regional Authority for imports. Agencies must maintain records of imports and distribute at least 10% to exporters, with annual performance reviews. Customs clearance follows specific procedures, and any operational difficulties should be reported to the Directorate General of Foreign Trade.
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