Import and Supply of Precious Metal by Nominated Agencies – DGFT Withdraws Guidelines and Clarification

By Vijay Kumar

DGFT had issued Guidelines for import and supply of precious metal by the Nominated Agencies by Circular No.77 (RE-2008) dated 31.3.2009 and by Circular No.24 (RE-2009-14) dated 11.2.2010, had clarified about the stipulation of 15% disbursement.

Now both these circulars are withdrawn.

DGFT Policy Circular No. 14/(RE-2010) 2009-14, Dated: February 1, 2011