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of <h1>India Amends Foreign Trade Policy: Export Houses Can Import Gold Only for Manufacturing and Exporting.</h1> The Government of India has amended the Foreign Trade Policy 2015-2020 through Notification No. 34/2015-2020, dated October 18, 2017. The amendment involves changes to Para 4.41(iii), which previously allowed Four Star Export Houses from the Gems & Jewellery sector and Five Star Export Houses from any sector to be recognized as Nominated Agencies by the Regional Authority. The revised provision states that these export houses, with a Nominated Agency Certificate, can import gold only for manufacturing and exporting purposes, adhering to the actual user condition. No new Nominated Agency Certificates will be issued or renewed for these export houses.
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