Gold and silver coin imports by passengers allowed, subject to notification conditions; jewellery studded with stones excluded. Eligible passengers may import gold and silver in any form, including coins (current, non-current or commemorative), but excluding jewellery studded with stones or pearls, subject to fulfilment of the other conditions set out in Notification Nos. 171/94-Cus. or 172/94-Cus. The Reserve Bank of India advised that there is no restriction under FERA on import of foreign coins made of gold or other metals.
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Provisions expressly mentioned in the judgment/order text.
Gold and silver coin imports by passengers allowed, subject to notification conditions; jewellery studded with stones excluded.
Eligible passengers may import gold and silver in any form, including coins (current, non-current or commemorative), but excluding jewellery studded with stones or pearls, subject to fulfilment of the other conditions set out in Notification Nos. 171/94-Cus. or 172/94-Cus. The Reserve Bank of India advised that there is no restriction under FERA on import of foreign coins made of gold or other metals.
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