Gold Import Scheme - Modification proposed

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... me time modification in the Gold Import Scheme so as to obviate physical carriage of gold by the NRIs. This was on account of various representations received by the Government pointing out the most of the international flights land in India during mid-night and early morning and physical carriage of gold by the passengers is, therefore, not free from risk. After considering all aspects of the mat .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... eligible, the duty on the gold shall be assessed by the Proper Officer and the passenger shall pay the duty at the SBI counter in the arrival hall. Two copies of the gold declaration/bill of entry shall be handed over to the passenger which will be endorsed by the SBI and the passenger shall be free to take delivery of gold covered by such declaration/bill of entry from SBI/MMTC counter at the in .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... f arrival itself. Moreover, when the SBI/MMTC set up the gold delivery points, it should be properly designed to ensure security and safety. 3. Other modalities for the working of the Scheme are being worked out and shall be communicated to you in due course. - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement - ta .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X