Date: 2023-07-12Category: Not ApplicableState: Union GovernmentCountry: India
Amendment in import policy and policy condition of Gold Covered
under HS code 71131911, 71131919 & 71141910 of Chapter 71 of
Schedule –I (Import Policy) of ITC (HS) 2022.
**Policy Summary: Amendment in Import Policy for Gold Articles**
**Date:** July 12, 2023
**Issuing Authority:** Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, Government of India.
**Subject:** Amendment in import policy and policy condition of Gold Covered under HS code 71131911, 71131919 71141910 of Chapter 71 of Schedule I Import Policy of ITC HS 2022.
**Notification No.:** 19/2023
**Key Changes:**
The import policy for gold articles under the following ITC HS codes has been amended from "Free" to "Restricted" with immediate effect:
* 71131911
* 71131919
* 71141910
**Exception:** Import under HS code 71131911 (Unstudded) shall be permitted freely without any import license under a valid India-UAE Comprehensive Economic Partnership Agreement (CEPA) Tariff Rate Quota (TRQ).
**Legal Basis:** The amendment is made in exercise of powers conferred by Section 3 and Section 5 of the Foreign Trade (Development and Regulation) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy 2023, as amended from time to time.
**Contact Information:**
Santosh Kumar Sarangi
Director General of Foreign Trade
Ex-officio Additional Secretary to the Government of India
Email: dgft@nic.in
**File No.:** 018918036AM11PC2APartV1E34691
Key Entities Referenced
Directorate General of Foreign Trade: An agency of the Ministry of Commerce and Industry responsible for implementing the Foreign Trade Policy.
Foreign Trade Development Regulation Act, 1992: An act that confers powers to the Central Government in relation to import and export.
Foreign Trade Policy 2023: A policy document outlining guidelines and objectives for India's foreign trade.
ITC HS 2022: Indian Trade Classification based on Harmonized System of Coding. Used for classifying goods in import and export.
Chapter 71: A chapter in the ITC HS 2022 classification, likely related to precious metals or jewelry, relevant to the import policy changes.
IndiaUAE CEPA: India-United Arab Emirates Comprehensive Economic Partnership Agreement.
Santosh Kumar Sarangi: Director General of Foreign Trade and Ex-officio Additional Secretary to the Government of India.
New Delhi: The location of Vanijya Bhawan, the office of Directorate General of Foreign Trade in Delhi, India.
[To be published in the Gazette of India Extraordinary Part-II, Section-3, Sub-Section (ii)|
Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Vanijya Bhawan, New Delhi
Notification No. 19 /2023
New Delhi, Dated: 12" July, 2023
Subject: Amendment in import policy and policy condition of Gold Covered under HS
code 71131911, 71131919 & 71141910 of Chapter 71 of Schedule —I (Import Policy) of ITC
(HS) 2022.
S.O. (E): In exercise of powers conferred by Section 3 and Section 5 of Foreign Trade
(Development &Regulation) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade
Policy 2023, as amended from time to time, the Central Government hereby amends the import
policy and policy condition of specific ITC (HS) Codes under Chapter 71 of Schedule -I (Import
Policy) - ITC (HS), 2022, as under:
IHS codes |Item Existing|Existing Revised Revised Policy Condition
Description |Import [Policy Import
Policy [Condition | Policy
71131911] --- Of gold |Free However, import under a
tooo valid INDIA-UAE CEPA
Unstudded - Restricted TRQ shall be permitted
freely without any import
license.
71131919 ere a Free S Rect ted -
71141910} --- Articles |Free _ Rechiared -
of gold
2. Effect of the notification: The Import Policy of ITC (HS) code 71131911, 71131919 and
71141910 has been amended from “Free” to “Restricted” with immediate effect. However,
import under HS code 71131911 shall be permitted freely without any import license under a
valid India-UAE CEPA TRQ.
This issues with the approval of Minister of Commerce & Industry.
(Santosh Kumar Sarangi)
Director General of Foreign Trade &
Ex-officio Addl. Secretary to Govt. of India
Email: dgft@nic.in
(Issued from File No.01/89/180/36/AM-1 1/PC-2[A]/Part-V1/E-34691)