DGFT policy circular, numbered 03/2023-24, addresses the import of gold by Special Economic Zone (SEZ) units. It clarifies that specific HS codes are exempted from the recent import restrictions, highlighting the issues faced by SEZ units and providing the necessary clarification.
Following the issuance of Notification no. 19, which restricted the import of gold under certain HS codes, the DGFT received representations from SEZ units highlighting their concerns. In response, the policy circular refers to rule 27(1) of the Special Economic Zone Rules 2006 and clarifies that import made by SEZ units under the HS codes mentioned (71131911, 71131919, and 71141910) are outside the purview of the import restriction notification. This clarification aims to address the issues faced by SEZ units and provide clarity on the import regulations for gold.
DGFT’s policy circular, numbered 03/2023-24, provides a clarification regarding the import of gold by SEZ units. It states that import made by SEZ units under specific HS codes mentioned in the circular is exempted from the recent import restrictions. This clarification aims to address the concerns raised by SEZ units and ensure clarity on the import regulations. It is essential for all relevant authorities and members of the trade to be aware of this exemption to avoid any misunderstandings or non-compliance.
Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Vanijya Bhawan, New Delhi
Policy circular No. 03/2023-24 DGFT | Dated :14-07-2023
To,
All Custom Authorities All RAs of DGFT
All members of the trade
Subsequent to the issuance of the Notification no. 19 dated 12.07.2023 restricting import of Gold under HS codes 71131911, 71131919 and 71141910, DGFT has received representations from SEZ units highlighting the issues faced by these units.
2. In this regard. attention is drawn to rule 27(1) of the Special Economic Zone Rules 2006 as amended. Accordingly, it is clarified that import made by SEZ units under the HS codes 71131911. 71131919 and 71141910 are outside the purview of this Notification.
This issues with the approval of Competent Authority.
(Jai Pal)
Joint Director General of Foreign Trade
Tel No: 011-23038741
E-mail:[email protected]
(Issued from File No 01/89/180/36/AM-11/PC-2[A]/Part-VI/E-34691)
