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Untitled 2
To be published in the Gazette of India Extraordinary
Part-Il, Section-3, Sub-Section (Il)
Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Notification No, 49/2015-2020
New Delhi, Dated: 5th January, 2022
Subject: Amendment in import policy conditions of gold under Chapter 71 of
Schedule — I (Import Policy) of ITC (HS), 2017
S.O. (E): In exercise of powers conferred by Section 3 read with Section 5 of FT
(D&R) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy,
2015-2020, as amended from time to time, the Central Government hereby amends
the import policy conditions for gold in any form, other than monetary gold and
silver in any form under Chapter 71 of ITC (HS), 2017, Schedule — I (Import
Policy) as under:
| ITC(HS) Code |
Item
Descri tion |
Policy |
Existing Policy Condition |
Revised Policy Condition |
| 71061000 |
powder |
Restricted |
Import is allowed only through nominated agencies as notified by RBI
(in case of banks) and DGFT (for other agencies). |
No change in existing Policy Condition |
| 71069110 |
Unwrought:
Grains |
Restricted |
Import is allowed only through nominated agencies as notified by RBI
(in case of banks) and DGFT(for other agencies).
|
No change in existing Policy Condition |
| 71069190 |
Unwrought:
Others |
Restricted |
Import is allowed only through nominated agencies as notified by RBI
(in case of banks) and DGFT(for other agencies).
|
No change in existing Policy Condition |
| 71069210 |
Sheets, plates, strips, tubes and pipes |
Restricted |
Import is allowed only through nominated agencies as notified by RBI
(in case of banks) and DGFT(for other agencies).
|
No change in existing Policy Condition |
| 71069290 |
other |
Restricted |
Import is allowed only through nominated agencies as notified by RBI
(in case of banks) and DGFT(for other agencies).
|
No change in existing Policy Condition |
| 71081100 |
powder |
Restricted |
Import is allowed only through nominated agencies as notified by RBI
(in case of banks) and DGFT(for other agencies).
|
No change in existing Policy Condition |
| 71081200 |
Other unwrought forms |
Restricted |
Import is allowed only through nominated agencies as notified by RBI
(in case of banks) and DGFT(for other agencies).
|
Import is allowed only through nominated agencies as notified by RBI
(in case of banks) and DGFT(for other agencies).
|
| 71081300 |
Other semimanufactured forms |
Restricted |
Import is allowed only through nominated agencies as notified by RBI
(in case of banks) and DGFT(for other agencies).
|
No change in existing Policy Condition |
| 71189000 |
other |
Restricted |
Import is allowed only through nominated agencies as notified by RBI
(in case of banks) and DGFT(for other agencies).
|
No change in existing Policy Condition |
2. Import of gold/silver under Advance Authorisation and supply of
gold/silver directly by foreign buyers to exporters under para 4.45 of FTP
against export orders would continue to be governed by the relevant FTP
provisions.
3. The expression "Gold in any form" includes gold in any form above 22 carats
under Chapter-71 of ITC (HS), 2017, Schedule-I (Impon Policy).
Effect of the Notification: In addition to nominated agencies as notified by RBI
(in case of banks) and nominated agencies notified by DGFT, qualified jewellers
as notified by International Financial ServicesCentres Authority (IFSCA) will be
permitted to import gold under specific ITC(HS) Codes through
India International Bullion Exchange IFSC Ltd. (IIBX). However, Import of
gold/silver under Advance Authorisation and supply of gold/silver directly by
foreign buyers to exporters under para 4.45 of FTP against export orders would
continue to be governed by the relevant FTP provisions.
This issues with the approval of Minister of Commerce & Industry.
(Amit Yadav)
Director General of Foreign Trade&
Ex- officio Addl. Secretary to the Government of India
(F.No01/89/180/36/AM-11/PC-2(A)/E- 1678)
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