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https://www.rbi.org.in/SCRIPTs/BS_CircularIndexDisplay.aspx?Id=8103
Jul 01, 2013 · Import of Gold. C.12.1. Import of Gold by Nominated Banks / Agencies/Entities. The import of gold should be strictly in accordance with the extant Foreign Trade Policy. Import of gold in the form of coins and medallions is now prohibited. Import of gold on consignment basis is permitted only to meet the genuine needs of exporters of gold jewellery.
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 This 20:80 principle of import of gold was withdrawn on November 28, 2014.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/scripts/NotificationUser.aspx?Id=8893
May 21, 2014 · The Government of India and Reserve Bank of India has been receiving representations from the jewelers, bullion dealers, AD banks, and trade bodies to rationalise the guidelines for import of gold. Taking into account such representations and in consultation with the Government of India, it has been decided to modify the guidelines for import of Gold by the …
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/NotificationUser.aspx?Id=1757
Mar 06, 1998 · Under the liberalised policy for import, Government of India has permitted import of gold by certain nominated agencies viz. MMTC, HHEC, STC, SBI and other agencies authorised by Reserve Bank for sale to jewellery manufacturers, exporters, NRIs, holders of Special Import licences and domestic users [cf. paragraph 8.15 of Exim Policy 1997-2002].
https://www.rbi.org.in/scripts/NotificationUser.aspx?Id=8745
Feb 14, 2014 · Further with reference to A.P. (DIR Series) Circular No. 82 dated December 31, 2013 on import of Gold Dore, it is clarified that: i) The refiners are allowed to import Gold Dore of 15% of their licence for each of the first two months.
https://www.rbi.org.in/scripts/NotificationUser.aspx?Id=11900
May 22, 2020 · In this connection the attention of Authorised Dealer Category -I banks is invited to para B.5.1 (i) of the ‘Master Direction on Import of Goods and Services’ dated January 01, 2016 (as amended from time to time), in terms of which remittances against normal imports (i.e. excluding import of gold/diamonds and precious stones/ jewellery) should be completed not later than six months from …
https://economictimes.indiatimes.com/news/economy/policy/rbi-extends-gold-import-restrictions-to-agencies/articleshow/20425941.cms
Jun 04, 2013 · Earlier on May 13, the RBI had announced its decision to restrict gold imports on consignment basis by banks, only to meet the genuine needs of the exporters of gold jewellery. “It has now been decided to extend the provisions of this circular to all nominated agencies/ premier/star trading houses who have been permitted by government of India to import gold.”Estimated Reading Time: 2 mins
https://www.businesstoday.in/industry/banks/story/rbi-allows-jewellers-to-repay-part-of-gold-loan-with-physical-gold-299566-2021-06-24
Jun 24, 2021 · RBI allows jewellers to repay part of gold loan with physical gold Banks shall provide an option to the borrower to repay a part of the GML in physical gold in …
https://content.dgft.gov.in/Website/Notification%20No.%2036%20dated%2018.12.2019%20in%20E.pdf
RBI Regulations. However, import policy Gold Dore is Restricted". Restricted Subject t RBI Regulations Restricted Subject t RBI Regulations Import is allowed only through nominated agencies as notified by RBI (in case of banks) and DGFT (for other agencies). Gold dore can be imported by refineries against a licence with AU condition
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