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https://www.rbi.org.in/Scripts/BS_CircularIndexDisplay.aspx?Id=4316
15. Direct Import of Gold AD Category – I bank can open Letters of Credit and allow remittances on behalf of EOUs, units in SEZs in the Gem & Jewellery sector and nominated agencies, for direct import of gold, subject to the following (a) The import of gold should be strictly in …
https://www.rbi.org.in/SCRIPTS/BS_ViewMasCirculardetails.aspx?id=9041
C.12.1 Import of Gold. It was made incumbent on all nominated banks / agencies / entities from July 22, 2013 onwards to ensure that at least one fifth of every lot of import of gold (in any form or purity) is exclusively made available for the purpose of export. This 20:80 principle of import of gold was withdrawn on November 28, 2014.
https://www.rbi.org.in/CommonPerson/english/Scripts/Notification.aspx?Id=1003
C.13. Direct Import of Gold . AD Category – I bank can open Letters of Credit and allow remittances on behalf of EOUs, units in SEZs in the Gem & Jewellery sector and the nominated agencies / banks, for direct import of gold, subject to the following (i) The import of gold should be strictly in accordance with the Foreign Trade Policy.
https://economictimes.indiatimes.com/news/economy/policy/rbi-extends-gold-import-restrictions-to-agencies/articleshow/20425941.cms
The RBI said in a circular issued to bank on Tuesday. Accordingly, any import of gold on consignment basis by both nominated agencies and banks shall now be permissible only to meet the needs of exporters of gold jewellery.
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