ANNOUNCED AS TEMPORARYNo
Import-related non-tariff measure, nes
The Ministry of Commerce and Trade restricted the imports of gold by "4 and 5 start-rated export houses" by permitting them to import gold only for manufacturing and export themselves. These export houses, recognized as Nominated Agencies, could earlier import such gold and sell it domestically to other entities as well.
"4 and 5 start export houses" are export firms with export revenues of USD500 million to USD2 billion over the previous 3 years.
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