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Date: 2025-04-03 Category: Extra Ordinary State: Union Government Country: India

Amendment in Appendix 4B of Handbook of Procedures 2023 reg

Issued by Ministry of Commerce and Industry · Directorate General of Foreign Trade

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Executive Summary & Key Takeaways

What it means

  • The Directorate General of Foreign Trade (DGFT) has issued a public notice amending Appendix 4B of the Handbook of Procedures, 2023. This notice updates the list of banks authorized by the Reserve Bank of India (RBI) to import gold and/or silver for the fiscal year 2025-26.

Key Changes

  • The notification provides two lists of banks authorized to import gold and silver for FY 2025-26, effective from April 1, 2025, and valid until March 31, 2026.
  • List A includes 13 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, Kotak Mahindra Bank Limited, Karur Vysya Bank Limited, Punjab National Bank, RBL Bank Limited, State Bank of India, and Yes Bank Limited.
  • List B includes 2 banks authorized to import only gold: Indian Overseas Bank and Union Bank of India.

Impact Analysis

Government

  • Action Item: Ensure effective communication and coordination between DGFT, RBI, and authorized banks for seamless implementation.

Banks

  • Banks should ensure compliance with all relevant regulations and guidelines issued by the RBI and DGFT.

Importers and Traders

  • Businesses should review their existing banking relationships to ensure they are aligned with the updated list.

Key Entities Referenced

Directorate General of Foreign Trade (DGFT): The DGFT is responsible for formulating and implementing the Foreign Trade Policy and related regulations. Reserve Bank of India (RBI): The RBI is the central bank of India and regulates banks and financial institutions, including authorizing banks to import gold and silver. Foreign Trade Policy (FTP), 2023: The FTP provides the framework for regulating foreign trade in India. Handbook of Procedures, 2023: A document that provides detailed procedures and guidelines for implementing the Foreign Trade Policy. Appendix 4B of Handbook of Procedures, 2023: A specific appendix within the Handbook of Procedures that lists the banks authorized to import gold and silver.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-04042025-262281 xxxGIDHxxx CG-DL-E-04042025-262281 xxxGIDExxx असाधारण EXTRAORDINARY भाग I—खण्ड 1 PART I—Section 1 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 110] िई ददल्ली, बहृ स्ट्प जतवार, अप्रलै 3, 2025/चत्रै 13, 1947 No. 110] NEW DELHI, THURSDAY, APRIL 3, 2025/CHAITRA 13, 1947 वाजणज्य एव ंउद्योग मत्रं ालय (वाजणज्य जवभाग) ( महाजिदेिालय) नई ददल्ली, 3 अप्रलै , 2025 a —le;≤ ij ;Fkk la'kkfs/kr fons'k O;kikj uhfr ¼,QVhih½] 2023 ds iSjk 1-03 vkSj 2-04 ds rgr iznÙk 'kfDr;ks a dk Ikz;ksx djrs gq,] egkfuns'kd] fons'k O;kikj ,rn~}kjk izfØ;k iqLrd] 2023 ds ifjf'k"V 4[k ds rgr Hkkx d vkSj [k eas fuEufyf[kr l'a kk/s ku djrs gSa% 1. ,fDll cSad fyfeVsM 2. cSad vkWQ bafM;k 2340 GI/2025 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC.1] 3. QMs jy cSad fyfeVsM 4. ,pMh,Qlh cSad fyfeVsM 5. baMfLVª;y ,aM def'kZ;y cSad v‚Q pkbuk fyfeVsM 6. vkbZlhvkbZlhvkbZ caSd fyfeVsM 7. baMlbaM cSad fyfeVsM 8. dkVs d efgaæk cSad fyfeVsM 9. d:j oS'; caSd fyfeVsM 10. Ikta kc us'kuy cSad 11. vkjch,y cSad fyfeVsM 12. Hkkjrh; LVsV cSad 13. ;l caSd fyfeVsM 1 bafM;u vkos jlht cSad 2 ;wfu;u cSad v‚Q bafM;k izfØ;k iqLrd] 2023 ds ifjf'k"V 4[k ds rgr lksus@pkanh ds vk;kr gsrq izkf/k—r caSdks a dh lwph dks v|frr fd;k x;k gSA lark"s k dqekj lkajxh] egkfuns'kd fons'k O;kikj ,oa insu vij lfpo MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) PUBLIC NOTICE New Delhi, the 3rd April, 2025 No. 01/ 2025-26 Subject: Amendment in Appendix 4B of Handbook of Procedures, 2023-reg. F. No. 01/94/180/261/AM18/PC-4.— 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 RESERVE BANK OF INDIA TO IMPORT BOTH GOLD AND SILVER FOR FY 2025-26 WITH EFFECT FROM 01.04.2025 AND VALID UPTO 31.03.2026. Sr. No. Name of bank 1 Axis Bank Limited 2 Bank of India 3 Federal Bank Limited 4 HDFC Bank Limited 5 Industrial and Commercial Bank of China Limited 6 ICICI Bank Limited 7 IndusInd Bank Limited 8 Kotak Mahindra Bank Limited[भाग I—खण् ड 1] भारत का रािपत्र : असाधारण 3 9 Karur Vysya Bank Limited 10 Punjab National Bank 11 RBL Bank Limited 12 State Bank of India 13 Yes Bank Limited B. LIST OF BANKS AUTHORISED BY RESERVE BANK OF INDIA TO IMPORT ONLY GOLD FOR FY 2025-26 WITH EFFECT FROM 01.04.2025 AND VALID UPTO 31.03.2026. Sr. No. Name of bank 1 Indian Overseas Bank 2 Union Bank of India Effect of this Public Notice: List of banks authorized to import gold/silver under Appendix 4B of Handbook of Procedures, 2023 has been updated. SANTOSH KUMAR SARANGI, Director General of Foreign Trade Ex-officio Addl. Secy. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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