NOTIFICATION NO. 12(RE-99)/1997-2002 Dated the 4th June, 1999
Gold scrap export for refining abroad & re-import allowed
In exercise of powers conferred by Section 5 of the Foreign Trade ( Development and Regulation) Act, 1992 (No. 22 of 1992) read with Paragraph 1.3 of the Export and Import Policy, 1997-2002 (incorporating amendments made up to 31.3.1999), the Central Governmenthereby makes following amendments in the Export and Import Policy, 1997-2002 (incorporatingamendment made up to 31.3.1999).
1. The following may be added at the end of paragraph 8.15:
"A bank authorised by RBI is allowed export of gold scrap for refining and import in the form of standard gold bars."
This issues in public interest.
Sd/-
(N.L.Lakhanpal)
Director General of Foreign Trade and
Ex-officio Additional Secretary to the
Government of India
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