Advance Authorisation gold imports face inspection, staged compliance and reporting requirements under export input norms. Standard Input-Output Norms prescribe the import entitlement for gold, silver and platinum medallions and coins, excluding coins of legal tender, and require the imported goods to be those actually used or required in the export product. Advance Authorisation for gold is capped at a maximum permissible quantity of 100 kilograms, with first-time applicants subject to mandatory physical inspection and later authorisations available only after at least 50% fulfilment of the preceding export obligation. Fortnightly Chartered Accountant-certified reports and monthly consolidated reporting to DGFT Headquarters are required.
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Provisions expressly mentioned in the judgment/order text.
Advance Authorisation gold imports face inspection, staged compliance and reporting requirements under export input norms.
Standard Input-Output Norms prescribe the import entitlement for gold, silver and platinum medallions and coins, excluding coins of legal tender, and require the imported goods to be those actually used or required in the export product. Advance Authorisation for gold is capped at a maximum permissible quantity of 100 kilograms, with first-time applicants subject to mandatory physical inspection and later authorisations available only after at least 50% fulfilment of the preceding export obligation. Fortnightly Chartered Accountant-certified reports and monthly consolidated reporting to DGFT Headquarters are required.
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