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Government stops import incentives for exporters of gold medallions and coins

Advance Authorisation shall not be issued where items of export are gold medallions and coins or any jewellery/articles manufactured by the fully mechanised process," the Directorate General of Foreign Trade (DGFT) said in a notice.

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Published : Sep 27, 2019, 7:09 PM IST

New Delhi: The government has withdrawn incentives being given to exporters of gold medallions and coins for import of raw material, according to a notice by the commerce ministry.

"Advance Authorisation shall not be issued where items of export are gold medallions and coins or any jewellery/articles manufactured by the fully mechanised process," the Directorate General of Foreign Trade (DGFT) said in a notice.

An Advance Authorisation is issued to allow duty-free import of inputs, which are physically incorporated in export products.

DGFT is under the commerce ministry.

Read more: New Indian traveller drives the change in tourism industry

New Delhi: The government has withdrawn incentives being given to exporters of gold medallions and coins for import of raw material, according to a notice by the commerce ministry.

"Advance Authorisation shall not be issued where items of export are gold medallions and coins or any jewellery/articles manufactured by the fully mechanised process," the Directorate General of Foreign Trade (DGFT) said in a notice.

An Advance Authorisation is issued to allow duty-free import of inputs, which are physically incorporated in export products.

DGFT is under the commerce ministry.

Read more: New Indian traveller drives the change in tourism industry

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Govt stops import incentives for exporters of gold medallions and coins
         New Delhi, Sep 27 (PTI) The government has withdrawn incentives being given to exporters of gold medallions and coins for import of raw material, according to a notice by the commerce ministry.
         "Advance Authorisation shall not be issued where items of export are gold medallions and coins or any jewellery/articles manufactured by fully mechanised process," the Directorate General of Foreign Trade (DGFT) said in a notice.
         An Advance Authorisation is issued to allow duty free import of inputs, which are physically incorporated in export products.
         DGFT is under the commerce ministry. PTI
         
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