https://www.taxtmi.com/news?id=12233 The regulation increases the Loan to Value limit applicable to loans against gold jewellery, specifying that the value for determining maximum permissible loans shall be the intrinsic value of the gold content only, excluding other cost elements. NBFCs must certify purity and weight in writing, apply the certified purity for both loan calculation and reserve auction pricing, and may include caveats to guard against redemption disputes. Where pledged jewellery exceeds the prescribed gram threshold, NBFCs must document how ownership was verified and adopt a Board approved policy on ownership verification. en-us Thu, 09 Jan 2014 10:04:38 +0530 Thu, 09 Jan 2014 10:04:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=12233 The regulation increases the Loan to Value limit applicable to loans against gold jewellery, specifying that the value for determining maximum permissible loans shall be the intrinsic value of the gold content only, excluding other cost elements. NBFCs must certify purity and weight in writing, apply the certified purity for both loan calculation and reserve auction pricing, and may include caveats to guard against redemption disputes. Where pledged jewellery exceeds the prescribed gram threshold, NBFCs must document how ownership was verified and adopt a Board approved policy on ownership verification. News - Thu, 09 Jan 2014 10:04:38 +0530 https://www.taxtmi.com/news?id=12233