𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐜𝐚𝐩𝐬 𝐝𝐮𝐭𝐲-𝐟𝐫𝐞𝐞 𝐠𝐨𝐥𝐝 𝐢𝐦𝐩𝐨𝐫𝐭𝐬 𝐚𝐭 𝟏𝟎𝟎 𝐤𝐠 𝐮𝐧𝐝𝐞𝐫 𝐀𝐝𝐯𝐚𝐧𝐜𝐞 𝐀𝐮𝐭𝐡𝐨𝐫𝐢𝐬𝐚𝐭𝐢𝐨𝐧 𝐬𝐜𝐡𝐞𝐦𝐞.
Gold imports under the duty-free route just got stricter. The government has capped duty-free gold imports at 100 kg under the Advance Authorisation Scheme.The Advance Authorisation Scheme allows jewellery exporters to import raw materials without paying duty. The new cap puts a clear limit of 100 kg on such gold imports.
The Directorate General of Foreign Trade (DGFT) announced the changes. Exporters seeking duty-free gold imports will now face stricter norms. First-time applicants will undergo physical inspection. They must also fulfil at least 50 per cent of their export obligations before getting subsequent authorisations.Earlier there was no import limit under this scheme. The new 100 kg cap on duty-free gold imports aims to bring better control.
The government has introduced the 100 kg limit on duty-free gold imports to regulate the scheme more effectively. Jewellery exporters who use the Advance Authorisation Scheme must now follow these updated guidelines.Physical inspection becomes mandatory for first-time applicants wanting duty-free gold. This adds a new layer of verification to the import process.
Exporters also need to meet at least 50 per cent of their export obligations before they can receive further authorisations for duty-free gold imports. This ensures better compliance with export commitments.
The new cap on duty-free gold imports directly affects jewellery manufacturers and exporters. They can still import gold without duty but only up to 100 kg at a time under this scheme.Businesses planning larger gold shipments will need to adjust their import strategy. They may have to apply for multiple authorisations or explore other import routes that may attract duty.
The DGFT move brings more transparency and monitoring to duty-free gold imports. Exporters should review their current authorisations and plan future imports according to the 100 kg limit.Jewellery exporters are advised to stay updated with DGFT notifications. Proper documentation and timely fulfilment of export obligations will remain important for smooth access to duty-free gold under the scheme.
The 100 kg cap on duty-free gold imports marks a significant policy adjustment in the sector. Industry players will now work within the new framework set by the government.
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