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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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
- How to Procure Raw Materials Domestically Through ‘Advance Authorisation License’ Invalidation
- Government Extends IPL’s STE Status for Urea Import Until 2026.
- The “Free” import policy of Urad – Extended
- Government Extends Import Policy for Yellow Peas Until May 31, 2025.
- Certificate of Inspection for Rice exports is limited to EU member states, UK, Iceland, Liechtenstein, Norway and Switzerland
- Amendment in Export Policy for Broken Rice under HS Code 1006 40 00
- Incentive for Early EEO Fulfillment Under the EPCG Scheme Licence
- Boosting Green Exports with the EPCG Scheme Licence
FeATURED ARTICLES
Government Extends IPL’s STE Status for Urea Import Until 2026. In a recent development, the Government has extended the STE…
The “Free” import policy of Urad – Extended The Central Government amends the Import Policy Condition of Urad amending the…
Government Extends Import Policy for Yellow Peas Until May 31, 2025. In a recent move, the Indian government has extended…
Certificate of Inspection for Rice exports is limited to EU member states, UK, Iceland, Liechtenstein, Norway and Switzerland The Central…
