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of <h1>India Exempts Gold, Silver, Platinum Imports from Duties for Exporters Under Foreign Trade Policy; Conditions Apply.</h1> The notification exempts gold, silver, and platinum, including their alloys and semi-finished jewelry, from customs and additional duties when imported into India by nominated agencies or recognized exporters. This exemption applies under the scheme for export against supply by foreign buyers, as outlined in the Foreign Trade Policy. Importers must execute a bond and, in some cases, provide a bank guarantee, committing to export equivalent amounts of jewelry within a specified timeframe. The notification also outlines procedures and conditions for compliance, including potential penalties for non-fulfillment of export obligations. Extensions and procedural updates are noted for specific timeframes.
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