Amendment in import policy conditions of gold and silver under Chapter 71 of ITC (HS), 2017, Schedule - I (Import Policy) - 36/2015-2020 - Foreign Trade Policy
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Import restrictions on gold and silver require imports only through nominated agencies, with specified export related exemptions. Import of gold and silver in non monetary forms is changed from 'Free' to Restricted, permitting imports only through nominated agencies as notified by the central banking authority and the foreign trade administration; imports are subject to central bank regulations. Dore imports by refineries are allowed against licence with AU condition. Exemptions apply for Advance Authorisation imports and direct foreign buyer supply to exporters under the Foreign Trade Policy provision referenced.
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Import restrictions on gold and silver require imports only through nominated agencies, with specified export related exemptions.
Import of gold and silver in non monetary forms is changed from 'Free' to Restricted, permitting imports only through nominated agencies as notified by the central banking authority and the foreign trade administration; imports are subject to central bank regulations. Dore imports by refineries are allowed against licence with AU condition. Exemptions apply for Advance Authorisation imports and direct foreign buyer supply to exporters under the Foreign Trade Policy provision referenced.
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