TaxTMI 
TaxTMI 
PROCUREMENT OF GOLD FROM NOMINATED AGENCY
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....ROCUREMENT OF GOLD FROM NOMINATED AGENCY<br> Query (Issue) Started By: - arun aggarwal Dated:- 13-2-2017 Last Reply Date:- 8-4-2017 Customs - Exim - SEZ<br>Got 2 Replies<br>Customs<br>IS THERE ANY RES....
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....TRICTION IN CUSTOMS LAW/ EXCISE LAW/FOREIGN TRADE POLICY OR PROCEDURE IN TRANSFER OF GOLD PROCURED FROM NOMINATED AGENCIES AS ADVANCE PROCUREMENT (PRIOR TO EXPORT) OR REPLISHMENT BASIS (AFTER EXPORT) ....
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....TO UNITS FOR JOB WORK WHICH ARE ENJOYING AREA BASED EXEMPTIONS LIKE UNITS IN JAMMU AND KAHSMIR ETC. IF YES, PLEASE ADVISE WHETHER SUCH RESTRICTIONS PERTAIN A) ADVANCE PROCUREMENT OF GOLD FROM NOMI....
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....NATED AGENCIES OR B) GOLD PROCURED ON REPLINSHMENT BASIS OR C) BOTH BEST REGARDS ARUN Reply By Kishan Barai: The Reply: Respected Arun, procurement = the action of obtaining or procuring someth....
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....ing & replenishment = the action of returning something (restoration of a supply in particular condition) Duty Free Import Authorisation scheme shall not be available for Gems and Jewellery sector.....
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.... I.e you can not import gold as a duty free inputs from foreign countries. You need to procure gold from nominated agency mention on FTP as a input of raw material & can used it for exportation as fi....
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....nished goods with proper value addition. You can read chapter 4 from both foreign trade policy and handbook of procedure. Thank You Reply By arun aggarwal: The Reply: Tnx sir<br> Discussion Forum ....
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....- Knowledge Sharing ....