Amendment in Import Policy Condition of Gold under HS Code 71081200
DGFT amends the Import Policy Condition of Gold under HS Code 71081200 under Chapter 71 of schedule-I (Import Policy) of ITC (HS) 2022.
The revised conditions are shown in the table below:
|
ITC (HS) Code & Description |
Policy |
Existing Policy Conditions |
Revised Policy Conditions |
|
71081200
— Other unwrought forms |
Restricted |
Import is allowed only through nominated agencies as notified by RBI (in case of banks), DGFT (for other agencies) and IFSCA (for qualified jewellers through India International Bullion Exchange)
Gold Dore can be imported by refineries against an import license with AU condition |
1. Import is allowed through:
(i) Nominated agencies as notified by RBI (in case of banks) or nominated agencies notified DGFT (for other agencies)
(ii) Qualified Jeweller (as notified by IFSCA) through India International Bullion Exchange (IIBX);
2. Valid India-UAE TRQ holders as notified by IFSCA can import gold through IIBX against the TRQ and can obtain physical delivery of the same through IFSCA registered vaults located in SEZs as per the guidelines prescribed by the IFSCA.
3. Gold Dore can be Imported by refineries against an Import License with Actual User (AU) condition |
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FeATURED ARTICLES
DGFT Simplifies Import Clearance for Pre-Shipment Goods Great news for importers! The DGFT has clarified a key point under Para…
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Amendment in Import Policy Condition of Gold under HS Code 71081200
DGFT amends the Import Policy Condition of Gold under HS Code 71081200 under Chapter 71 of schedule-I (Import Policy) of ITC (HS) 2022.
The revised conditions are shown in the table below:
|
ITC (HS) Code & Description |
Policy |
Existing Policy Conditions |
Revised Policy Conditions |
|
71081200
— Other unwrought forms |
Restricted |
Import is allowed only through nominated agencies as notified by RBI (in case of banks), DGFT (for other agencies) and IFSCA (for qualified jewellers through India International Bullion Exchange)
Gold Dore can be imported by refineries against an import license with AU condition |
1. Import is allowed through:
(i) Nominated agencies as notified by RBI (in case of banks) or nominated agencies notified DGFT (for other agencies)
(ii) Qualified Jeweller (as notified by IFSCA) through India International Bullion Exchange (IIBX);
2. Valid India-UAE TRQ holders as notified by IFSCA can import gold through IIBX against the TRQ and can obtain physical delivery of the same through IFSCA registered vaults located in SEZs as per the guidelines prescribed by the IFSCA.
3. Gold Dore can be Imported by refineries against an Import License with Actual User (AU) condition |
DGFT
Legal
Company Secretarial
DGFT Notifications
Others
Recent Posts
- DGFT Simplifies Import Clearance for Pre-Shipment Goods
- Clarification on NPOP Applicability for Organic Textile Exports
- DGFT Notification Correction – Jute Fabric HS Code Revised
- DGFT Issues Three New SIONs Under FTP 2023
- Foreign Trade Policy Update: DGFT Issues New Amendment
- Central Govt. amends Para 2.03 of the Foreign Trade Policy
- Export Policy for Chapter 17 Amended with Immediate Effect
- DGFT sugar export authorization
FeATURED ARTICLES
DGFT Simplifies Import Clearance for Pre-Shipment Goods Great news for importers! The DGFT has clarified a key point under Para…
Clarification on NPOP Applicability for Organic Textile Exports The Directorate General of Foreign Trade (DGFT) recently issued Public Notice No….
DGFT Notification Correction – Jute Fabric HS Code Revised The Directorate General of Foreign Trade (DGFT) has issued a correction…
DGFT Issues Three New SIONs Under FTP 2023 In a recent update under Paragraph 1.03 of the Foreign Trade Policy…
