Guidelines for import of Precious Metal by the Nominated agencies - regarding.

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....notified under Paragraph 4A.4 of FTP for the purpose of direct import of precious metal for making it available to all concerned, in particular, the exporting community requiring precious metal for manufacture of its product.   In terms of Paragraph 4A.4 of FTP, at present, the following agencies / entities are entitled for direct import of precious metal I. Designated Banks notified by RBI; II. Agencies / entities notified by Department of Commerce; (a) MMTC Limited; (b) State Trading Corporation (STC); (c) The Projects & Equipment Corporation of India Limited; (d) Handicraft and Handloom Export Corporation (HHEC); (e) EOU and SEZ Gems & Jewellery Units for their own consumption; (f) STCL Limited; (g) M....

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....olicy Circular as Annexure II. (b) Periodic filing of returns on monthly basis to the Gems & Jewellery EPC Registered Office at Mumbai.  G&J EPC, in turn, shall compile the figures and forward it to DGFT (Hdqrs.) by 15th of the subsequent month;  (c) At least 10% of the imports of each entity shall be supplied to the exporters; (d) Performance to be reviewed on annual basis. 4. The Policy and Procedure for import of precious metal shall be as per the guidelines stated in Foreign Trade Policy (FTP) and the relevant RBI Guidelines.  5. Clearance of import consignment shall be allowed by the Customs Authority as per the Procedure laid down by them for the Nominated Agencies by way of Customs Notification and / or ....

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.... month ended …………………….. Name of the Nominated Agency (Other than Designated Banks)in terms of paragraph 4A.4 of FTP: Date of Statement: Name of Precious Metal:  Gold / Silver / Platinum  (Strike which is not applicable) Number of Transaction Value of  Gold Imported Quantity of Gold Imported (US D million) (Rs. Crore)     Sl. No. Mode of Import           (i) Delivery Against Payment Basis           (ii) Supplier's Credit Basis           (iii) Consignment Basis           (iv) Unfixed Pr....