**Summary:**
Public Notice No. 28/2023, dated August 18, 2023, issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, amends Appendix 4B of the Handbook of Procedures, 2023, regarding authorized banks for gold and silver imports. This amendment, enacted under the powers conferred by paragraphs 1.03 and 2.04 of the Foreign Trade Policy (FTP), 2023, updates the list of banks authorized by the Reserve Bank of India (RBI) to import gold and/or silver for the financial year 2023-24, valid until March 31, 2024.
Part A of Appendix 4B now lists the following banks authorized to import both gold and silver: Axis Bank Limited, Bank of India, Federal Bank Limited, HDFC Bank Limited, Industrial and Commercial Bank of China Limited, ICICI Bank Limited, IndusInd Bank Limited, Indian Overseas Bank, Kotak Mahindra Bank Limited, Karur Vysya Bank Limited, Punjab National Bank, RBL Bank Limited, State Bank of India, Union Bank of India, and Yes Bank Limited.
Part B lists Bank of Baroda as authorized to import only gold.
For inquiries, contact the Director General of Foreign Trade at dgft@nic.in. The notice originates from File No. 01/94/180/261/AM-18/PC-4.
Key Entities Referenced
Directorate General of Foreign Trade: Agency issuing the Public Notice.
New Delhi, Delhi: Location of the Directorate General of Foreign Trade office.
Foreign Trade Policy FTP, 2023: Governing policy under which the notice is issued.
Appendix 4B of Handbook of Procedure, 2023: Document being amended by the public notice.
Reserve Bank of India: The central bank of India, which authorizes banks to import gold and silver.
Axis Bank Limited: One of the banks authorized to import both gold and silver for FY 2023-24.
Bank of Baroda: One of the banks authorized to import only gold for FY 2023-24.
Santosh Kumar Sarangi: Director General of Foreign Trade.
(To Be Published In the Gazette of India Extraordinary Part-1 Section-[)
Government of India
Ministry of Commerce and Industry
Departncnt of Commerce
Dircctorate (General of Foreign Trade
Vanijya Bhawan, Ncw Delhi
Public Notice No.28/2023
dated the 18" August, 2023
Subject:- Amendment in Appendix 4B of Handbook of Procedures, 2023-reg.
In exercise of the powers conferred under paragraph 1.03 & 2.04 of the Foreign Trade
Policy (FTP), 2023, as amended from time to time, the Director General of Foreign Trade
hereby makes the following amendments in Part A and B under Appendix 4B of Handbook
of Procedure, 2023:
A. LIST OF BANKS AUTHORISED BY RESERVEBANKOF INDIA TO IMPORT BOTHGOLD
AND SILVER FOR FY 2023-24 VALID UPTO MARCH 31,2024
Axis Bank Limited
1
Bank of India
Federal Bank Limited
HDFC Bank Limited
4
5. Industrial and Commercial Bank of China Limited
ICICI Bank Limited
6.
IndusInd Bank Limited
|7.
Indian Overseas Bank
8.
Kotak Mahindra Bank Limited
9.
Karur Vysya Bank Limited
|10.
11. Punjab National Bank
12 RBL Bank Limited
|13. |State Bank of India
14. Union Bank of India
15. Yes Bank Limited
B. LIST OF BANKS AUTHORISEDB Y RESERVE BANK OF INDIA TO IMPORT
ONLY GOLD FOR FY 2023-24 VALID UPTO MARCH 31,2024
Bank of BarodaEffect of this Publie Notice:
List of banks authorised to import gold/silvcr under Appendix 4B of Handbook of
Procedures, 2023 has been updated.
122o2 ]
(Santosh Kumar Sarangi)
Dircctor General of Foreign Trade
Ex-officio Additional Secretary to Government of India
E-mail: dgft@nic.in
(Issued from File No. 01/94/180/261/AM 18/PC-4)