Import of gold against letter of authority issued by Nominated Agency

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Full Text of the Document

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....t letter of authority issued by Nominated Agency As you are aware, under the Government's Nominated Agency Scheme for import of gold, MMTC/ HHEC, STC & PEC, designated as nominated agency by Government and banks permitted by RBI are authorised to import gold for supply to exporters with an export obligation imposed thereon. Accordingly, only these nominated agencies are permitted to open Letters ....