Refiners to submit valid license from BIS for gold dore import authorisation: DGFT

The Dollar Business Bureau

On consideration of applications for grant of authorisation for import of gold dore, Directorate General of Foreign Trade (DGFT) on Thursday clarified that only those applications shall be considered for grant of authorisation where applicant refinery holds a valid license from Bureau of Indian Standards (BIS).

“In light of representations seeking extension of the time limit, the matter has been reconsidered,” DGFT said in a trade notice no.14/(2015-2020).

Reference is invited to Trade Notice No.04 dated April 21, 2017 on the above subject laying down the condition that with effect from June 1, it added.

The time period for obtaining registration for BIS is also extended by a year.

“It is brought to notice of the trade that the time period for obtaining BIS registration is hereby extended by one year and accordingly, refineries holding authorisations from DGFT for importing gold-dore may obtain BIS registration/license latest by May 31, 2018, the trade notice stated.

With effect from June 1, next year only those applications will be considered for grant of authorisation for import of gold-dore where applicant refinery holds a valid license from BIS, it added.

For refiners, who are seeking authorisation for the first time, a valid document of their accreditation with National Accreditation Board for Testing and Calibration Laboratories (NABL) to DGFT has to be submitted for consideration of grant of authorisation for importing gold-dore.

“Applicant refineries seeking authorisation for the first time, may submit valid document of their accreditation with NABL to DGFT for consideration of grant of authorization for importing gold-dore,” DGFT said.

“Such applicants may obtain BIS license within a period of one year, from the date of authorisation granted by DGFT, it added.