https://www.taxtmi.com/circulars?id=52234 Nominated banks, agencies and permitted trading houses may import gold only to meet genuine needs of gold jewellery exporters; Letters of Credit for such imports must have a 100 per cent cash margin and imports must be on Documents against Payment (DP) basis. Imports on DA or enabled by suppliers'/buyers' credit or on unfixed price terms must comply with the cash margin and DP discipline. Loan basis imports remain permitted solely for on lending to exporters of jewellery. AD Category I banks must ensure compliance and these directions are effective immediately. en-us Thu, 27 Jun 2013 00:00:00 +0530 Wed, 18 Feb 2026 18:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52234 Nominated banks, agencies and permitted trading houses may import gold only to meet genuine needs of gold jewellery exporters; Letters of Credit for such imports must have a 100 per cent cash margin and imports must be on Documents against Payment (DP) basis. Imports on DA or enabled by suppliers'/buyers' credit or on unfixed price terms must comply with the cash margin and DP discipline. Loan basis imports remain permitted solely for on lending to exporters of jewellery. AD Category I banks must ensure compliance and these directions are effective immediately. Circulars FEMA Thu, 27 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52234