AI Drafter 
TaxTMI 
TaxTMI 
TaxTMI 
Export under EPCG and Gold supplied by Nominated Agencies |
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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 2015-20 (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. |
Export under EPCG and Gold supplied by Nominated Agencies
Rajesh Sharma
EPCG eligibility for exporting gold coins questioned amid FTP wording divergence on coins versus jewellery. Whether an EPCG licence holder may export gold coins to discharge export obligation and whether gold supplied by nominated agencies may be used for such exports are raised because FTP para 4.32 lists coins within eligible export items while para 4.34 omits coins, prompting a request for clarification and relevant Customs notifications reconciling this textual divergence and confirming eligibility conditions under the EPCG scheme. (AI Summary)