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Circular
Circular No.   20231124-1   Circular Date   24-11-2023
Category   General   Segment   Spot
Subject   Guidelines on import of silver by Qualified Jewellers as notified by The International Financial Services Centres Authority (IFSCA)
Attachments   RBI circular - issuance of AD letter for Silver by AD Banks ;
Content

To

All Banks & Market Participants,

  

Subject:   Guidelines on import of silver by Qualified Jewellers as notified by

The International Financial Services Centres Authority (IFSCA)

The Reserve Bank of India (RBI) has issued circular no. RBI/2023-2024/83 A.P. (DIR Series) Circular No. 07 dated November 10, 2023 regarding guidelines on import of Silver by Qualified Jeweller.

Accordingly, AD Category-I banks may allow Qualified Jewellers to remit advance payment for eleven days for import of silver through IIBX as mentioned in the said circular.

AD Category-I banks may bring the contents of the said circular to the notice of their constituents and customers concerned.

A copy of the said Circular issued by RBI is enclosed as Annexure.

 

Please take note of the above.

 

For any queries Members may contact the following departments:-

Sr. No.

Department

Phone No.

Email Address

1

Trading Operations

+91 79 69 697 117/118/119/120

trading.operations@iibx.co.in

2

Clearing and Settlement Operations

+91 79 69 697 121/122

cs.ops@iibx.co.in

For and on behalf of

India International Bullion Exchange IFSC Limited,

Sagar Khandelwal

Deputy Vice President - Trading Operations

Phone No. :- +91 79 6969 7119

E-Mail Id :- trading.operations@iibx.co.in