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of <h1>India Amends Customs Notification for Precious Metals: New Bond Requirement for Importers to Ensure Export Compliance.</h1> The Government of India has amended Notification No. 57/2000-Customs, originally issued on May 8, 2000, concerning the import of gold, silver, and platinum under the 'Export Against Supply by Nominated Agencies' scheme. Importers must now execute a bond, as specified by the Customs Assistant or Deputy Commissioner, to ensure exported jewellery or articles contain equivalent precious metal content to that imported. The export must occur within ninety days from the issuance date to the exporters. This amendment aims to ensure compliance and accountability in the import-export process of precious metals.
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