Customs exemption for imported gold bars by RBI authorised banks allows duty waiver under the Gold Deposit Scheme subject to conditions. Standard gold bars imported into India by Reserve Bank of India-authorised banks under the Gold Deposit Scheme are exempt from customs duty, additional duty and special additional duty, provided the participating bank produces a certificate from a senior officer confirming description, quantity and technical specifications, furnishes an undertaking to use the bars only as authorised and to pay any duty shortfall on demand, and that the Scheme is approved by the Reserve Bank of India; the notification ceases to have effect after 30th September, 2024.