4.36 — Advance Authorisation for Precious Metals

• (a) Advance Authorisation shall be granted on pre- import basis with ‘Actual User’ condition for duty free (excluding Integrated Tax and Compensation Cess leviable under Section 3(7) and 3(9) of Customs Tariff Act) import of:

  • (i) Gold of fineness not less than 0.995 and mountings, sockets, frames and findings of 8 carats and above;

  • (ii) Silver of fineness not less than 0.995 and mountings, sockets, frames and findings containing more than 50% silver by weight;

  • (iii) Platinum of fineness not less than 0.900 and mountings, sockets, frames and findings containing more than 50% platinum by weight.

• (b) Advance Authorisation shall carry an export obligation which shall be fulfilled as per procedure indicated in Chapter 4 of Handbook of Procedures.

• (c) Value Addition shall be as per paragraph 4.37 of FTP and 4.60 of Handbook of Procedures.

• (d) Advance Authorisation Scheme is not available where the item of export is ‘Gold Medallions and Coins’ or ‘Gold jewellery/articles manufactured by fully mechanized process’.