DGFT Tightens Rules for Gold Imports under Advance Authorisation Scheme
Ø Advance Authorisation (AA) for gold imports will now be limited to a
maximum of 100 kg.
·
DGFT has inserted five new notes
under SIONs M-1 to M-8 of the Gems and Jewellery Product Group under FTP 2023.
·
Advance Authorisation (AA) for
gold imports will now be limited to a maximum of 100 kg.
·
First-time applicants must undergo
mandatory physical inspection of their manufacturing facility by the concerned Regional
Authority (RA).
·
Subsequent gold import authorisations
will be issued only after fulfilment of at least 50% of export obligation
under previous authorisations.
·
AA holders must submit a fortnightly
CA-certified performance report on gold imports and exports to the concerned
RA.
·
Regional Authorities will send
monthly consolidated reports to DGFT Headquarters for centralized monitoring
and policy oversight.
·
The measures aim to strengthen
compliance, monitoring, and transparency in gold imports under the Advance Authorisation
Scheme.
[DGFT Public Notice No. 11/2026-27
dated 14 May, 2026]
Effect of this Public Notice:
05 (Five) Notes are inserted under SIONs M-1 to M-8 of the Handbook of
Procedures, 2023, prescribing conditions for the issuance and monitoring of
Advance Authorisations for import of gold.
Subject:
Insertion of SION notes below the SIONs M1 to M8.
In exercise of the powers conferred under
paragraph 1.03 & 2.04 of the Foreign Trade Policy 2023, as amended from time
to time, the Director General of Foreign Trade hereby notifies the insertion of
the following Notes under Standard Input Output Norms (SIONs) M-1 to M-8 (Gems and
Jewellery Product Group), with immediate effect.
Note
1. Advance Authorisation
(AA) for import of gold shall be issued, subject to a maximum permissible quantity
limit of 100 kilograms.
Note
2. In case of
application for Advance Authorisation by a fast-time applicant, a mandatory physical
inspection of the applicant's manufacturing facility shall be undertaken by the
concerned regional authority to verify the existence, capacity and operational status
of the manufacturing facility.
Note
3. Any subsequent
Advance Authorisation for the import of gold, shall be considered for issuance only
upon fulfilment of at least 50% of the export obligation prescribed under the preceding
Advance Authorisations for gold, thereby ensuring progressive compliance and monitoring.
Note
4. The Advance
Authorisation holder shall submit a fortnightly performance report to the concerned
Regional Authority {RA), duly certified by an independent Chartered Accountant certifying
gold imports and exports undertaken under the authorisation,
to facilitate effective oversight and compliance monitoring.
Note
5. The concerned
Regional Authority shall submit a monthly consolidated report to DGFT Headquarters
containing details regarding the issuance of Advance Authorisations and corresponding
import/export transactions of gold, to enable centralised
monitoring and policy oversight.
(Issued from File No. 01/94/180/015/AM27/PC-4)