Public Notice No. 51 dated 27^th October 1997

Attention is Invited to Public Notice No. 214/ (PN)/ 92-97 dated 1st June, 1994 vide which impor1 of gold and silver was allowed without licence, by Reserve Bank of India or any other agency to be designated by the Ministry of Finance (Deptt. of Economic Affairs). In exercise of the powers conferred under Paragraph 4.11 of the Export and Import Policy, 1997 -2002 read with col.4 of the ITC (HS) Classification in Chapter71, the Director General of Foreign Trade hereby notifies that these designated agencies as mentioned in the Notification 80/ 97 referred above may import gold and silver for sale in the domestic mark-et also without a licence or Without surrender of SIL in respect of following entries of ITC (HS) Classifications of Export and Import Items, 1997-2002:

2.      However Policy indicated against the above mentioned entries of ITC (HS) Classification shall remain in force for direct imports by importers other than the above designated agencies.