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
- Export Policy of Raw Human Hair Now Prohibited, with Exceptions for High-Value Shipments
- New Amendment to SION E-136: Export of Wheat Flour (Atta) with Millets Now Allowed
- DGFT amends Import Policy Condition for Classification of Vintage motor Vehicles
- Amendments to SION A-222 for Export of Erythromycin Stearate Tablets
- Deadline Extended for Broken Rice Exports to Senegal Through NCEL
- Amendment in Export Policy: Key Changes to Chapter 23 of ITC(HS) 2022
- Withdrawal of Track and Trace System for Drug Export Formulations.
- Amendment in Import Policy for CTH 890690 (Chapter 89, ITC HS 2022)
FeATURED ARTICLES
Export Policy of Raw Human Hair Now Prohibited, with Exceptions for High-Value Shipments The Central Government has recently updated the…
New Amendment to SION E-136: Export of Wheat Flour (Atta) with Millets Now Allowed The Directorate General of Foreign Trade…
DGFT amends Import Policy Condition for Classification of Vintage motor Vehicles The Central Government revises the Import Policy Condition no.1…
Amendments to SION A-222 for Export of Erythromycin Stearate Tablets The Director General of Foreign Trade (DGFT) has recently made…
