Public Notice No.51 (PN)/97-02 dated the 27th October, 1997

Gold/Silver import to domestic sale by specified agencies

Subject: Import of gold and silver under Notification No.80/97-Customs dated 21st October, 1997.

Attention is Invited to Public Notice No. 214/(PN)/92-97 dated 1st June, 1994 vide which impor1 of gold and silver was allowed without licence, by Reserve Bank of India or any other agency to be designated by the Ministry of Finance (Deptt. of Economic Affairs). In exercise of the powers conferred under Paragraph 4.11 of the Export and Import Policy, 1997 -2002 read with col.4 of the ITC(HS) Classification in Chapter71 , the Director General of Foreign Trade hereby notifies that these designated agencies as mentioned in the Notification 80/97 referred above may import gold and silver for sale in the domestic mark-et also without a licence or Without surrender of SIL in respect of following entries of ITC(HS) Classifications of Export and Import Items, 1997-2002: -

EXIM Code				Item Description
Silver:71061000 				Powder71069100 				Unwrought .71069201 				Sheets plates strips tubes and pipes of silver71069209 				All other semi-manufactured form of silverGold :71081100 				Powder71081200 				Other unwrought forms71081300 				Other semi-manufactured forms

2. However Policy indicated against the above mentioned entries of ITC(HS) Classification shall remain in force for direct imports by importers other than the above designated agencies.

Sd/-
(S.B. Mohapatra)
Director General of Foreign Trade
and Ex Officio
Additional Secretary to the Govt. of India

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