Amendment in import policy condition of silver Covered under Chapter 71 of Schedule –I (Import Policy) of ITC (HS), 2022

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....import policy condition of silver Covered under Chapter 71 of Schedule -I (Import Policy) of ITC (HS), 2022. S.O. 4423(E).--In exercise of powers conferred by Section 3 and Section 5 of Foreign Trade (Development &Regulation) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy 2023, as amended from time to time, the Central Government hereby amends the import policy condition....

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....d only through nominated agencies as notified by RBI (in case of banks) and DGFT (for other agencies). Import is allowed only through nominated agencies as notified by RBI (in case of banks), DGFT (for other agencies) and by qualified jewellers as notified by the IFSCA for import through India International bullion Exchange (IIBX). 2. Effect of the notification: In addition to nominated agencies....