https://www.taxtmi.com/circulars?id=2020 Only designated nominated agencies and permitted banks may open Letters of Credit for import of gold under the Nominated Agency Scheme; other entities must not establish such Letters of Credit even if they furnish a letter of authority from a nominated agency, and Authorised Dealers must ensure LCs are opened only on behalf of the nominated agencies themselves. en-us Wed, 01 Oct 2003 00:00:00 +0530 Wed, 18 Feb 2026 17:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2020 Only designated nominated agencies and permitted banks may open Letters of Credit for import of gold under the Nominated Agency Scheme; other entities must not establish such Letters of Credit even if they furnish a letter of authority from a nominated agency, and Authorised Dealers must ensure LCs are opened only on behalf of the nominated agencies themselves. Circulars FEMA Wed, 01 Oct 2003 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2020