Daily News
Govt allows certain gold imports through India International Bullion Exchange IFSC
The government on Wednesday permitted qualified jewellers to import certain kinds of gold including certain unwrought forms through India International Bullion Exchange IFSC Ltd.
The changes were notified by the Directorate General of Foreign Trade (DGFT) in its amendment in the gold import policy.
“In addition to nominated agencies notified by RBI (in case of banks) and nominated agencies notified by DGFT, qualified jewellers as notified by International Financial Sevices Centres Authority (IFSCA) will be permitted to import gold through India International Bullion Exchange IFSC Ltd,” the directorate said in a notification.
However, import of gold and silver under Advance Authorisation and supply of gold and silver directly by foreign buyers to exporters against export orders would continue to be governed by the foreign trade policy.
The DGFT kept unchanged the policy on import of powder, unwrought grains, sheets, plates and semi-manufactured forms of gold. Their imports will remain restricted and allowed through nominates agencies notified by the RBI and DGFT.
COurtesy: Economic Times
With ‘Uncut Conversations’, Zaveri Bros Diamonds & Gold seeks to build deep, meaningful customer relationships
Thangals Jewellery celebrates International Women’s Day by recognizing employees at its all-women showroom in Dubai
Kirthi Diamonds’ new capsule collection is influenced by iconic characters and elements from Harry Potter films
Abharan Jewellers’ contest asks brides-to-be to document their in-store wedding jewellery shopping journey
India has overtaken China to become second largest diamond market: De Beers CEO Al Cook
US-based private equity firm Advent International to acquire Orra Fine Jewellery, say media reports
The House of Rose debuts in Mumbai with a 21,000 sq. ft. experiential concept space showcasing fine jewellery and luxury watch brands
Eminent jeweller Viren Bhagat sets up first global boutique in London’s Mayfair
Wide Angle4 weeks agoIndia has overtaken China to become second largest diamond market: De Beers CEO Al Cook
- Daily News1 month ago
US-based private equity firm Advent International to acquire Orra Fine Jewellery, say media reports
- Exclusive2 months ago
The House of Rose debuts in Mumbai with a 21,000 sq. ft. experiential concept space showcasing fine jewellery and luxury watch brands
- Wide Angle1 month ago
Eminent jeweller Viren Bhagat sets up first global boutique in London’s Mayfair
