Amendment in import policy and policy condition of Gold Covered under HS code 71131911, 71131919 & 71141910 of Chapter 71 of Schedule –I (Import Policy) of ITC (HS) 2022. - 19/2023 - Foreign Trade Policy

MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) NOTIFICATION NO. 19 /2023 New Delhi, the 12th July, 2023 Subject: Amendment in import policy and policy condition of Gold Covered under HS code 71131911, 71131919 71141910 of Chapter 71 of Schedule I (Import Policy) of ITC (HS) 2022. S.O. 3111 . 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 and policy condition of specific ITC (HS) Codes under Chapter 71 of Schedule -I (Import Policy) - ITC (HS), 2022 , as under: HS codes Item Description Existing Import Policy Existing Policy Condition Revised Import Policy Revised Policy Condition 71131911 --- Of gold:- Unstudded Free - Restricted However, import under a valid INDIA-UAE CEPA TRQ shall be permitted freely without any import license. 71131919 --- Of gold :----Other Free - Restricted - 71141910 --- Articles of gold Free - Restricted - 2. Effect of the notification: The Import Policy of ITC (HS) code 71131911 , 71131919 and 71141910 has been amended from Free to Restricted with immediate effect. However, import under HS code 71131911 shall be permitted freely without any import license under a valid India-UAE CEPA TRQ. This issues with the approval of Minister of Commerce Industry. SANTOSH KUMAR SARANGI, Director General of Foreign Trade Ex-officio Addl. Secy. [F. No. 01/89/180/36/AM-11/PC-2[A]/Part-VI/E-34691]