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
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Company Secretarial
DGFT Notifications
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- Extension Announced for Filing Quarterly and Annual Returns under Waste Tyre EPR Rules.
- The CHIP Import Monitoring System (CHIMS) has been officially discontinued by the central government to streamline import processes.
- Minimum Export Price for Exporting Non-Basmati Rice has been lifted by the Central Government
- DGFT introduces new compliance requirement of submitting Annual Returns for RODTEP Scheme
- Import of Pocket Lighter Parts Now Restricted
FeATURED ARTICLES
Launch of the Revamped Preferential Certificate of Origin (eCoO) 2.0 System. The Directorate General of Foreign Trade (DGFT) has launched…
Extension of Broken Rice Export to Senegal and Gambia through NCEL: What It Means for Traders. The export of Broken…
The CHIP Import Monitoring System (CHIMS) has been officially discontinued by the central government to streamline import processes. Central Government…
Minimum Export Price for Exporting Non-Basmati Rice has been lifted by the Central Government The Central Government makes amendment in…
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
- Launch of the Revamped Preferential Certificate of Origin (eCoO) 2.0 System.
- Extension of Broken Rice Export to Senegal and Gambia through NCEL: What It Means for Traders.
- Extension of Deadline for Filing Quarterly and Annual Returns for EPR E-Waste
- Extension Announced for Filing Quarterly and Annual Returns under Waste Tyre EPR Rules.
- The CHIP Import Monitoring System (CHIMS) has been officially discontinued by the central government to streamline import processes.
- Minimum Export Price for Exporting Non-Basmati Rice has been lifted by the Central Government
- DGFT introduces new compliance requirement of submitting Annual Returns for RODTEP Scheme
- Import of Pocket Lighter Parts Now Restricted
FeATURED ARTICLES
Launch of the Revamped Preferential Certificate of Origin (eCoO) 2.0 System. The Directorate General of Foreign Trade (DGFT) has launched…
Extension of Broken Rice Export to Senegal and Gambia through NCEL: What It Means for Traders. The export of Broken…
The CHIP Import Monitoring System (CHIMS) has been officially discontinued by the central government to streamline import processes. Central Government…
Minimum Export Price for Exporting Non-Basmati Rice has been lifted by the Central Government The Central Government makes amendment in…
