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of <h1>India Amends Export-Import Policy: Gold Scrap Can Be Exported for Refining and Re-Imported as Gold Bars</h1> The Government of India, through the Ministry of Commerce, has amended the Export and Import Policy of 1997-2002 to permit the export of gold scrap for refining abroad and its re-import in the form of standard gold bars. This amendment, made under the Foreign Trade (Development and Regulation) Act, 1992, allows banks authorized by the Reserve Bank of India to carry out such transactions. The change is intended to serve the public interest and has been officially documented in Notification No. 12 (RE-99) dated June 4, 1999.
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