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Circular
Circular No.   20231124-2   Circular Date   24-11-2023
Category   General   Segment   Spot
Subject   Amendment in import policy of Gold under HS Code 71081200 under Chapter 71 of Schedule – I (Import Policy) of ITC (HS) 2022
Attachments   DGFT Circular - Amendment in import policy of Gold ;
Content

To

All Market Participants,

  

Subject:   Amendment in import policy of Gold under HS Code 71081200 under Chapter 71 of Schedule – I (Import Policy) of ITC (HS) 2022.

The Government of India, Ministry of Commerce and Industry, Department of Commerce has issued a notification no. 44 / 2023 dated       November 20, 2023 regarding modification in the Gold Import Policy.

Based on the said circular, “Valid India-UAE TRQ holders as notified by IFSCA can import Gold through IIBX against the TRQ and obtain physical delivery of the same through IFSCA registered vaults located in SEZs as per the guidelines prescribed by the IFSCA”. A copy of the said circular is enclosed as Annexure.

 

All Members are requested to take note of the above.

 

For any queries Members may contact the following departments. The contact details are as below:

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