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
Procedure for export of sesame seeds to the United States of America (USA) The Indian government has announced updated export…
Modification of SION E-125 for export of Shea Stearine In exercise of the powers conferred under Paragraph 1.03 of Foreign…
Fixation of one new Standard Input Output Norms (SIONS) at SION A-3683 under ‘Chemical and Allied Product’ (Product Code ‘A’)….
Clarification on RCMC Requirements for Post-Export Remission-Based Schemes under FTP 2023 The Directorate General of Foreign Trade (DGFT) has clarified…
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
- Procedure for export of sesame seeds to the United States of America (USA)
- Modification of SION E-125 for export of Shea Stearine.
- Fixation of one new Standard Input Output Norms (SIONS) at SION A-3683 under ‘Chemical and Allied Product’ (Product Code ‘A’).
- Clarification on RCMC Requirements for Post-Export Remission-Based Schemes under FTP 2023
- DGFT implements Import Management System for import of restricted IT Hardware.
- CPCB starts new module to register new PIBOs under micro and small-category
- 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.
FeATURED ARTICLES
Procedure for export of sesame seeds to the United States of America (USA) The Indian government has announced updated export…
Modification of SION E-125 for export of Shea Stearine In exercise of the powers conferred under Paragraph 1.03 of Foreign…
Fixation of one new Standard Input Output Norms (SIONS) at SION A-3683 under ‘Chemical and Allied Product’ (Product Code ‘A’)….
Clarification on RCMC Requirements for Post-Export Remission-Based Schemes under FTP 2023 The Directorate General of Foreign Trade (DGFT) has clarified…
