8.15

Nominated Agencies

The exporter availing the schemes of gold/silver/platinum jewellery and articles thereof may obtain gold/ silver/ platinum from the nominated agencies. The nominated agencies are MMTC Ltd, Handicraft and Handloom Export Corporation (HHEC), State Trading Corporation (STC), The Project and Equipment Corporation of India Ltd (PEC) and any agency authorised by Reserve Bank of India (RBI). A bank, authorised by RBI, is allowed export of gold scrap for refining and import in the form of standard gold bars.

(Last santence of this para has been added vide Ntf.No. 12/(RE-99), Dt. 4/6/99)

(Above para 8.15 has been amended vide NTF. NO. 36/1997, DT. 29/01/1998 )