Govt stops import incentives for exporters of gold medallions, coins: Commerce ministry

The government has withdrawn incentives being given to exporters of gold medallions and coins for import of raw material, according to a notice by the commerce ministry

Press Trust of India September 27, 2019 17:15:31 IST
Govt stops import incentives for exporters of gold medallions, coins: 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

New Delhi: The government has withdrawn incentives being given to exporters of gold medallions and coins for import of raw material, according to a notice by the commerce ministry.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

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