b) They will be required to retain 20 per cent of the imported quantity in the customs bonded warehouses.
c) They are permitted to undertake fresh imports of gold only after the exports have taken place to the extent of at least 75 per cent of gold remaining in the customs bonded warehouse.
d) Any import of gold under any type of scheme, shall follow the 20/80 principle set out at (a) and (b) above.
Entities/units in the SEZ and EoUs, Premier and Star trading houses are permitted to import gold exclusively for the purpose of exports only.
It is also informed that the Government of India will be issuing separate instructions, if any, to the customs authorities/DGFT to operationalize and monitor these import restrictions.
The revised instructions come into force with immediate effect.
Hope the instructions to the Customs authorities/DGFT are also issued in tandem lest they are caught unaware about the new regulations.