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
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- DGFT Amends Authorized Agency for Certificate of Origin (Non-Preferential)
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- Government Amends Import Rules for Iron & Steel Products
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- Export Boost: Leather Product Restrictions Lifted by Government
FeATURED ARTICLES
DGFT Amends Authorized Agency for Certificate of Origin (Non-Preferential) In accordance with powers granted under Paragraph 2.04 of the Foreign…
MIP Condition Relaxed for SEZs and EOUs The Central Government has extended the Minimum Import Price (MIP) condition on certain…
DGFT Notifies New SION A-3686 Under Foreign Trade Policy 2023 In a significant development for exporters and stakeholders in the…
Govt. Eases Leather Export Rules In a recent move to boost leather exports, the Central Government has revoked export conditions…
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 Amends Authorized Agency for Certificate of Origin (Non-Preferential)
- MIP Condition Relaxed for SEZs and EOUs
- DGFT Notifies New SION A-3686 Under Foreign Trade Policy 2023
- Govt. Eases Leather Export Rules
- DGFT Amends Import Policy for Chapter 83 under ITC (HS)
- Government Amends Import Rules for Iron & Steel Products
- Govt Extends Yellow Peas Import Policy Till March 2026
- Export Boost: Leather Product Restrictions Lifted by Government
FeATURED ARTICLES
DGFT Amends Authorized Agency for Certificate of Origin (Non-Preferential) In accordance with powers granted under Paragraph 2.04 of the Foreign…
MIP Condition Relaxed for SEZs and EOUs The Central Government has extended the Minimum Import Price (MIP) condition on certain…
DGFT Notifies New SION A-3686 Under Foreign Trade Policy 2023 In a significant development for exporters and stakeholders in the…
Govt. Eases Leather Export Rules In a recent move to boost leather exports, the Central Government has revoked export conditions…
