Policy Condition No.4 restricting imports of gold and silver

Dated 25th August, 2017 | Copy of | Notification NO.25/2015-2020 |

In exercise of powers conferred by Section 3 (2) of the FT (D&R) Act, 1992 as amended from time to time, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020, the Central Government hereby inserts Policy Condition No. 4 under Chapter 71 of the ITC(HS) 2017, Schedule-I (Import Policy) to read as under:-

“Imports from South Korea of articles of jewellery and parts thereof, of precious metal or of metal clad with precious metal under Exim code 7113; articles of goldsmiths’ or silversmiths’ wares and parts thereof, of precious metal or of metal clad with precious metal under Exim code 7114; other articles of precious metal or of metal clad with precious metal under Exim code 7115; and coins under Exim code 7118 are Restricted.”

2. The facility/protection under para 1.05 of FTP shall not be available for import of the above items from the date of restriction.

3. Effect of this Notification: Policy Condition No.4 restricting imports of gold and silver under Exim Codes 7113, 7114, 7115 and 7118 from South Korea is inserted in Chapter 71 of ITC(HS) 2017.

Sd/-
(Alok Vardhan Chaturvedi)
Director General of Foreign Trade

F.No.01/89/180/36/AM-11/PC-2(A)
Issued by:
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
New Delhi