Export Against Supply by Nominated Agencies importing gold/silver/platinum
Procedure to be followed by nominated agencies importing gold/silver/platinum under the scheme for ‘Export Against Supply by Nominated Agencies’ Ref: Circular No. 27/2016-Customs dated 10th June 2016 Rescinded Circulars: 28/2009-Cus dated 14.10.2009, Circular 34/2013-Customs, Policy Circular no. 39 (RE-2010)/ 2009-14 dated 19.08.2011, Policy Circular No. 77 (RE-2008)/2004-09 dated 31.03.2009, Note: Consignments of Gold / Silver / Platinum imported under notification no. 57/2000-Cus. do not require to be warehoused. In the meantime, any dutiable precious metals already imported or to be imported (i.e. without availing notification no. 57/2000-Cus. or any other exemption notification by virtue of which no duty is chargeable) can continue to be stored in the existing vaults licensed under erstwhile Section 58. Conditions (Customs Side): Nominated Agencies shall execute a bond to the Deputy/Assistant Commissioner of Customs binding themselves to, - a) maintain accoun