DGFT caps duty-free gold imports at 100 kg per licence, tightens checks on jewellery exporters
India's DGFT has capped duty-free gold imports under the advance-authorisation scheme at 100 kg per licence, mandated physical inspection of first-time applicants, and tied fresh permissions to 50% fulfilment of prior export obligations. Fortnightly reports now required — squeezing diversion risks for jewellery exporters.
DGFT caps duty-free gold imports under advance-authorisation scheme at 100 kg per licence, mandates physical inspection of first-time applicants, and ties fresh permissions to 50% fulfilment of prior export obligations — tightening oversight on jewellery exporters.