Gold Import Scheme - Modification proposed

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....onsidering for some time modification in the Gold Import Scheme so as to obviate physical carriage of gold by the NRIs. This was on account of various representations received by the Government pointing out the most of the international flights land in India during mid-night and early morning and physical carriage of gold by the passengers is, therefore, not free from risk. After considering all a....

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....val and, if found eligible, the duty on the gold shall be assessed by the Proper Officer and the passenger shall pay the duty at the SBI counter in the arrival hall. Two copies of the gold declaration/bill of entry shall be handed over to the passenger which will be endorsed by the SBI and the passenger shall be free to take delivery of gold covered by such declaration/bill of entry from SBI/MMTC ....