Conversion of loan of precious metals taken from the nominated agencies into outright purchase

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.... FOREIGN TRADE POLICY CIR NO. 14 (RE-2005)/2004-2009 , DT. 04/07/2005 In terms of provisions contained in para 6.2(f) of Foreign Trade Policy and 7.10.7 of Handbook of Procedures, the Gem & Jewellery Units in EOU/SEZ may source gold/silver/platinum from the nominated agencies on loan basis and units obtaining such precious metals from the nominated agencies are required to make export of gol....