[To be published in the Gazette of India  Extraordinary Part-II, Section -3, Sub- Section (ii)]

Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Vanijya Bhawan, New Delhi

Notification No. 19/2023
New Delhi, Dated: 12th July, 2023



Subject: Amendment in import policy and policy condition of Gold Covered under HS code 71131911, 71131919 & 71141910 of Chapter 71 of Schedule -I (Import Policy) of ITC (HS) 2022.

S.O. (E): In exercise of powers conferred by Section 3 and Section 5 of Foreign Trade (Development &Regulation) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy 2023, as amended from time to time, the Central Government hereby amends the import policy and policy condition of specific ITC (HS) Codes under Chapter 71 of Schedule -I (Import Policy) - ITC (HS), 2022, as under:

HS codes Item
Description
 
Existing
Import
Policy
 
Existing
Policy
Condition
 
Revised
Import
Policy
 
Revised Policy Condition
71131911 ---Of gold:---- Unstudded Free - Restricted

However, import under a valid INDIA-UAE CEPA TRQ shall be permitted freely without any import license.

71131919 ---Of gold :----Other Free - Restricted  
71141910 --- Articles of gold Free - Restricted  

2. Effect of the notification: The Import Policy of ITC (HS) code 71131911, 71131919 and 71141910 has been amended from "Free" to "Restricted' with immediate effect. However, import under HS code 71131911 shall be permitted freely without any import license under a valid India-UAE CEPA TRQ.

This issues with the approval of Minister of Commerce & Industry.

(Santosh Kumar Sarangi)
Director General of Foreign Trade &
 Ex-officio Addl. Secretary to Govt, of India
Email: dgft@nic.in
 

(Issued from File No.01/89/180/36/AM-11/PC-2[ A]/Part-VI/E-34691)

Refer : Policy Circular No.03/2023-24 dated 14/07/2023