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of <h1>New Circular: Nominated Agencies Must Follow Revised Procedures for Importing Gold, Silver, Platinum for Export. Bank Guarantee Exemptions Apply.</h1> The circular outlines the procedures for nominated agencies importing gold, silver, or platinum for export purposes. It details the withdrawal of earlier guidelines, the introduction of new procedures, and the requirement for nominated agencies to execute a bond and potentially furnish a bank guarantee. Designated banks and public sector undertakings are exempt from the bank guarantee if they meet certain conditions. Exporters must register with authorities and provide proof of export within specified timelines. The circular rescinds previous guidelines and emphasizes compliance with the new procedures, with difficulties to be reported to the Commissioner of Customs.
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