DIFFERNCE BETWEEN ADVANCE PROCUREMENT AND REPLENISHMENT OF GOLD FROM NOMINATED AGENCY

[Arun Aggarwal]

1..What is the difference between :-

a) advance procurement of gold and

b) release of gold on replenishment basis from nominated agency.?

2. Is their also any difference in conditions of its usage in above two ways of release of Gold ?

Arun

I

AI Summary

Clarification Sought on Customs Rules for Gold Procurement: Advance vs. Replenishment Basis in Export-Import and SEZs. The discussion focuses on the differences between advance procurement of gold and the release of gold on a replenishment basis from a nominated agency. It seeks clarification on the distinctions between these two methods and whether there are different conditions for using gold under each approach. The inquiry is directed towards understanding customs regulations in the context of export-import and Special Economic Zones (SEZs).