Export under EPCG and Gold supplied by Nominated Agencies

[Rajesh Sharma]

Dear Sir,

I want to know following clarifications:

- Whether Gold coins can be exported by a EPCG licence holder for fulfilling export obligation?

- Whether Gold obtained from nominated agencies can be used for exporting gold coins under EPCG scheme?

As per FTP 20015-20 (para 4.32) items of exports are:

Gold jewellery, including partly processed jewellery and articles including medallions and coins (excluding legal tender coins), whether plain or studded, containing gold of 8 carats and above;

But in para 4.34 'Gold jewellery and articles thereof including mountings and findings' have been mentioned and not 'coins' .

Please clarify the matter if you can and also provide the relevant customs notification/FTP.

AI Summary

Clarification Sought on Export of Gold Coins Under EPCG Scheme; Discrepancy in Policy Sections Noted An individual seeks clarification on the export of gold coins under the EPCG scheme. They inquire if an EPCG license holder can export gold coins to fulfill export obligations and if gold sourced from nominated agencies can be used for this purpose. The Foreign Trade Policy 2015-20 mentions gold jewelry and articles, including coins, but excludes legal tender coins. However, a discrepancy arises as subsequent policy sections only reference gold jewelry and articles, excluding coins. The individual requests clarification and relevant customs notifications or Foreign Trade Policy details.