https://www.taxtmi.com/circulars?id=53227 The circular clarifies that the obligation to export applies only to unutilised gold imported before abolition of the prior scheme; nominated banks may import gold on a consignment basis and all domestic sales must be against upfront payment, with banks permitted to grant gold metal loans. Star and Premier Trading Houses may import on delivery against payment without end use restrictions, and imports of coins and medallions are permitted though banks remain temporarily restricted from selling them. Directions are issued under the Foreign Exchange Management Act. en-us Wed, 18 Feb 2015 00:00:00 +0530 Wed, 18 Feb 2026 18:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=53227 The circular clarifies that the obligation to export applies only to unutilised gold imported before abolition of the prior scheme; nominated banks may import gold on a consignment basis and all domestic sales must be against upfront payment, with banks permitted to grant gold metal loans. Star and Premier Trading Houses may import on delivery against payment without end use restrictions, and imports of coins and medallions are permitted though banks remain temporarily restricted from selling them. Directions are issued under the Foreign Exchange Management Act. Circulars FEMA Wed, 18 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53227