Advance Authorisation for gold imports requires inspection, staged export obligation compliance, and regular reporting under FTP norms. Standard Input-Output Norms under the Foreign Trade Policy prescribe the input entitlement for jewellery and articles manufactured by a mechanised process and unstudded, with the export item quantity fixed at 1 kg and corresponding import entitlements specified for gold, platinum and silver. Advance Authorisation for import of gold is subject to a maximum permissible quantity limit of 100 kilograms, with mandatory physical inspection for first-time applicants, subsequent authorisations only after 50% export obligation fulfilment, and fortnightly and monthly reporting requirements for compliance monitoring.
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Provisions expressly mentioned in the judgment/order text.
Advance Authorisation for gold imports requires inspection, staged export obligation compliance, and regular reporting under FTP norms.
Standard Input-Output Norms under the Foreign Trade Policy prescribe the input entitlement for jewellery and articles manufactured by a mechanised process and unstudded, with the export item quantity fixed at 1 kg and corresponding import entitlements specified for gold, platinum and silver. Advance Authorisation for import of gold is subject to a maximum permissible quantity limit of 100 kilograms, with mandatory physical inspection for first-time applicants, subsequent authorisations only after 50% export obligation fulfilment, and fortnightly and monthly reporting requirements for compliance monitoring.
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