Import of Gold by Nominated Banks/Agencies

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Full Text of the Document

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.... May 3, 2013 regarding import of gold. In terms of AD (G.P.Series) circular No.7 dated March 6, 1998 (copy enclosed for ready reference), nominated banks/agencies were permitted to import gold on loan basis, Suppliers Credit/Buyers Credit basis, consignment basis as also on unfixed price basis. 2. The Working Group on Gold (Chairman: Shri K.U.B. Rao) had recommended aligning gold import regulatio....