N 44/2023

To be published in the Gazette of India Extraordinary Part-II, Section-3, Sub-Section (ii) Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Vanijya Bhawan, New Delhi Notification No. 44/2023 Dated: 207 November, 2023

Subject: Amendment in import policy condition of Gold under HS Code 71081200 under Chapter 71 of

Schedule —I (Import Policy) of ITC (HS) 2022. 8.0. (E): In exercise of powers conferred by Section 3 and Section 5 of Foreign Trade (Development &Regulation) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy 2023, as amended from time to time, the Central Government hereby amends the import policy condition for ITC (HS) code 71081200 of Chapter 71 of ITC (HS), 2022, Schedule — I (Import Policy), with immediate effect, as under: ITC(HS) Code & li isti licy Conditi न licy Conditi Description Policy Existing Policy Condition Revised Policy Condition 171081200 Import is allowed only |1. Import is allowed through: ‘ough nominated agencies +- Other unwrought as notified by RBI (in case (i) Nominated agencies as notified by RBI] forms of banks), DGFT (for other (in case of banks) or nominated agencie: agencies) and IFSCA (for Inotified DGFT (for other agencies) qualified jewellers through India International Bullion ii) Qualified Jeweller (as notified b: Exchange) IFSCA) through India International Gold Dore can be imported [Bullion Exchange (IIBX) ; by refineries against an न हर T Resided hiiport = license जात AU 2. pale dia E RQ holders a Antinitene Inotified by IFSCA can import gold throug IBX against the TRQ and can obtaii physical delivery of the same throug IFSCA registered vaults located in SEZs a per the guidelines prescribed by the FSCA. . Gold Dore can be imported by refineries against an import licence with Actual User (AU) condition. Effect of the Notification: 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. This issue with the approval of Minister of Commerce & Industry. Rox wr yp «के (Santosh Kumar Sarangi) Director General of Foreign Trade & Ex-officio Addl. Secretary to Govt. of India Email: dgft@nic.in (Issued from File No. 01/89/180/01/AM-22/PC-2[B]/E-31419)