IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 18 Oct 2017 | Removal date: open ended
Still in force

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.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

413 Basic precious metals & metals clad with precious metals
7108 Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form.
710812 Other unwrought forms
710813 Other semimanufactured forms

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