Advance Authorization Scheme Limits Gold Medallions and Coins; DGFT Can't Reclassify via Circulars, Needs Section 5 Amendments.

Advance Authorization Scheme - restrictions upon issuance of the advance authorisation for the Gold Medallions and Coins - Power of DGFT - The categorisation or re-categorization cannot be done by the policy circulars, such exercise has to be undertaken by specific amendment to the Foreign Trade Policy under Section 5 of the Act. .....

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