ANNOUNCEMENT 06 Sep 2013

In September 2013, the government of India announced a rule change for import registration.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



Notification No. 40 (RE-2013) / 2009-2014
http://dgft.gov.in/Exim/2000/NOT/NOT13/not4013.htm


Inception date: 06 Sep 2013 | Removal date: open ended
Still in force

Import licensing requirement

 On 6 September 2013, the Government of India, vide Notification No. 40 (RE-2013) / 2009-2014, declared that the import of gold into the country under Advance Authorization or Duty Free Import Authorization schemes can follow a matching export of gold from the country, or vice versa. 
RBI Regulations require that each import of gold into India under the above-mentioned schemes be matched by a corresponding export, to prevent diversion of gold for domestic use. By the Notification dated 6 September 2013, the Ministry of Commerce has discarded some interpretations of the Regulations that suggest that imports must be followed by exports in a sequence.

AFFECTED SECTORS

 

AFFECTED PRODUCTS