Concessional duty for gold and silver under Special Import Licences allows imports without EEFC account or forex payment condition. SILs are freely transferable and valid for items in the ITC(HS) Classification; imports under SIL attract normal customs duty but gold and silver may be imported at a concessional customs duty rate to be specified by the revenue authority. The amendment removes the requirement for an EEFC account and omits any explicit payment-in-foreign-exchange condition for such concessional imports.