**Policy Summary**
This corrigendum, issued by the Directorate General of Foreign Trade (DGFT) on February 9, 2024, pertains to Public Notice No. 28/2023 dated August 18, 2023. The corrigendum modifies the headings of Table A and Table B within the aforementioned public notice. Specifically, the headings are revised to clarify that the lists of banks authorized by the Reserve Bank of India to import gold and/or silver are effective from April 1, 2023, and valid until March 31, 2024.
The revised headings are as follows:
* **Table A:** From "LIST OF BANKS AUTHORISED BY RESERVE BANK OF INDIA TO IMPORl BOTH GOLD AND SILV ER FOR FY 2023-24 VALID UPTO MARCH 31, 2024" to "LIST OF BANKS AUTHORISED BY RESERVE BANK OF INDIA TO IMPORT BOTH GOLD AND SILV ER FOR FY 2023-24 WITH EFFECT FROM 01.04.2023 AND VALID UPTO 31.03.2024."
* **Table B:** From "LIST OF BANKS AUTHORISED BY RESERVE BANK OF INDIA TO IMPORT ONLY GOLD FOR FY 2023-24 VALID UPTO MARCH 31, 2024" to "LIST OF BANKS AUTHORISED BY RESERVE BANK OF INDIA TO IMPORT ONLY GOLD FOR FY 2023-24 WITH EFFECT FROM 01.04.2023 AND VALID UPTO 31.03.2024."
The effect of this change is to explicitly state the period of validity for the lists of authorized banks.
The issuing authority is the Directorate General of Foreign Trade, Ministry of Commerce and Industry, Government of India. Santosh Kumar Sarangi, Director General of Foreign Trade and Ex-officio Additional Secretary to the Government of India, is the signatory. For further information, contact dgft@nic.in. The file number for this corrigendum is 01/94/180/261/AM-18/PC-4.
Key Entities Referenced
Directorate General of Foreign Trade: An agency of the Ministry of Commerce and Industry, Government of India, responsible for implementing the Foreign Trade Policy.
Foreign Trade Policy 2023: A policy document outlining guidelines and objectives for India's foreign trade.
Public Notice No. 282023: A notification issued by the Directorate General of Foreign Trade on 18.08.2023, which is being amended by this corrigendum.
Reserve Bank of India: The central bank of India, responsible for regulating the banking sector, including authorizing banks to import gold and silver.
Vanijya Bhawan, New Delhi: The office of Directorate General of Foreign Trade
Ministry of Commerce and Industry: A ministry of the Government of India responsible for formulating and implementing policies related to commerce and industry.
Santosh Kumar Sarangi: Director General of Foreign Trade and Ex-officio Additional Secretary to the Government of India.
Gazette of India: Official journal of the government of India
(To Be Published in the Gazette of India Extraordinary Part-I Section-I)
Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Vanijya Bhawan, New Delhi
Dated: 09.02.2024
CORRIGENDUM
Subject: Corrigendum to Public Notice no. 28/2023 dated 18.08.2023-reg
In exercise of powers conferred under Paragraph 1.03 & 2.04 of the Foreign Trade Policy 2023,
as amended from time to time, the Directorate General of Foreign Trade hereby partially modifies the
headings of Table A and Table B of Public Notice No. 28/2023 dated 18.08.2023 as follows:
Existing heading of Table A Revised heading of Table A
A. LIST OF BANKS AUTHORISED BY A. LIST OF BANKS AUTHORISED BY
RESERVE BANK OF INDIA TO IMPORl RESERVE BANK OF INDIA TO IMPORT
BOTH GOLD AND SILV ER FOR FY 2023-BOTH GOLD AND SILV ER FOR FY 2023-
24 VALID UPTO MARCH 31, 2024 24 WITH EFFECT FROM 01.04.2023 AND
VALID UPTO 31.03.2024.
Existing heading of Table B Revised heading of Table B
B. LIST OF BANKS AUTHORISED BY B. LIST OF BANKS AUTHORISED BY
RESERVE BANK OF INDIA TO IMPORT RESERVE BANK OF INDIA TO IMPORT
ONLY GOLD FOR FY 2023-24 VALID ONLY GOLD FOR FY 2023-24 WITH
UPTO MARCH 31, 2024. EFFECT FROM 01.04.2023 AND VALID
UPTO 31.03.2024.
Effect of this Corrigendum:
The heading of Table A and Table B of Public Notice No. 28/2023 dated 18.08.2023 have been
partially modified to make the list of banks effective from the 1st of April, 2023
l~l-~
(Santosh Kumar Sarangi)
Director 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/AM18/PC-4)