Advance Authorisation for gold imports now carries inspection, export obligation, and reporting conditions under revised SION notes. Conditions were inserted under SIONs M-1 to M-8 for the Gems and Jewellery product group governing Advance Authorisation for import of gold. The notes prescribe a maximum permissible import quantity of 100 kilograms, mandatory physical inspection for first-time applicants, consideration of subsequent authorisations only after fulfilment of at least 50% of the export obligation, and fortnightly as well as monthly reporting requirements for compliance monitoring and centralised oversight.
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.
Advance Authorisation for gold imports now carries inspection, export obligation, and reporting conditions under revised SION notes.
Conditions were inserted under SIONs M-1 to M-8 for the Gems and Jewellery product group governing Advance Authorisation for import of gold. The notes prescribe a maximum permissible import quantity of 100 kilograms, mandatory physical inspection for first-time applicants, consideration of subsequent authorisations only after fulfilment of at least 50% of the export obligation, and fortnightly as well as monthly reporting requirements for compliance monitoring and centralised oversight.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.