Import of Gold by Nominated Banks /Agencies

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..... uthorised Persons is drawn to our A.P. (DIR Series) Circular No. 103 dated May 13, 2013 A.P. (DIR Series) Circular No. 107 dated June 04, 2013 on the captioned subject in terms of which, it was decided to restrict the import of gold on consignment basis by banks, nominated agencies/ premier / star trading houses who have been permitted by Government of India, to import gold only to meet the .....

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..... not enabled for import of any form of gold. Import of gold on loan basis may, however, continue to be allowed since the scheme envisages that the nominated banks/nominated agencies can import gold on loan basis for on-lending only to the exporters of jewellery in sync with the non-applicability of the above restrictions to exporters of gold jewellery. 3. AD Category I Banks are advised to stric .....

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