DGFT Approval for Import of Restricted Items in India like Gold Dore

Introduction

IMPORT OF RESTRICTED ITEMS

In India, Import and export system is governed by the Foreign Trade (Development and Regulation) Act of 1992 and the Indian Export-Import (EXIM) Policy.

The import and export of all goods shall be free, except for items governed by the EXIM policy or any other legislation currently in force. Registration with regional licensing authority is a prerequisite for goods being imported and exported. Unless the importer has obtained from the regional authority an Import Export Code (IEC) the customs does not require clearance of products.


CLASSIFICATION OF GOODS

As per import policy

 The Indian Trade classification (ITC)- harmonized system (HS) classifies goods into three category

a. Restricted

b. Canalized

c. Prohibited

Goods not listed in the categories mentioned above may be imported freely without any restriction if the importer has obtained a valid IEC. No need to get an import license or permission to import such products. Most of the goods may be imported freely into India.

 

  1. Restricted (Licensed) Item

Restricted products can only be imported after the relevant regional licensing authority has issued an import license. The goods covered by the license shall be disposed of in the manner specified by the licensing authority, which the license itself should clearly indicate. ITC (HS) includes a list of restricted products. For capital goods, an import license is valid for 24 months, and for all other goods, 18 months.

For importing such products prior approval from DGFT is required under importing restricted products

 

  1. Canalized Item

Canalized goods are products that can only be transported using different transport procedures or methods. You will find the list of canalized products in the ITC (HS). Goods in this category can only be imported through agencies which canalize them. Currently, the main canalized items are petroleum products, bulk agricultural products, such as grains and vegetable oils, and certain pharmaceuticals.

 

  1. Prohibited Products

These are the goods listed in ITC (HS) that are strictly prohibited in India on all the import channels. These include wild animals, animal-derived tallow fat and oils, animal rennet, and unprocessed ivory.

What Is Gold Dore

Gold dore is a semi-pure alloy that is refined for additional purification. Refined gold bars are made from bars with gold doors

A doré bar is a gold bar that is partially refined. Doré bars are usually an alloy with a very high content of gold, sometimes even pure. They don't have uniformity or fixed norm, however. Gold doré bars result in the removal of all non-metal particles from the gold ore and consolidation of the naturally developed alloy gold-bearing into a single block. The gold doré bars are most often left in them, other than gold, mostly silver, plus often other gold mining by-products.

The main reason why doré bars are created is to facilitate handling by dealing with larger chunks of gold-bearing alloy instead of loose particles. In that sense, doré bars are basically the final stage between gold ore mining and gold bullion refining. The idea is that the doré bars are pure enough and big enough to handle the gold refineries.

Gold dore imported under Exim code 71081200 is “Restricted” as per ITC(HS), 2017. In this context, reference is invited to trade notice No.-14 dated 24/08/2017, wherein it has been notified that with effect from 1st July 2018, the only applicant having valid license from BIS can make an application for import of gold dore. And before obtaining a BIS license the refinery has to be NABL accredited.

Procedure For Obtaining License For Importing Restricted Products

STEP 1 log in to application after OTP based authentication using email/mobile

STEP 2 Fill IEC detail, RCMC detail (if applicable) and other data fields along with the detail of import items; attached required documents and make payment online

STEP 3 Select the concerned jurisdictional RA from the dropdown and submit your application

Different Category Of Application And Their Required Mandatory Document

Application category

Mandatory information

(Scanned copy)

Live animals and bovine semen for breeding purpose

  • NOC from concerned State Animal Husbandry department

Horses for Sportsmen

  • Recommendation from Equestrian Federation

Import of Pets

  • Pet Book along with return ticket

(if applicable) and any other relevant document

Import of live animals for R & D purpose

  • Certification of having R & D facilities

 

Import of tyre scrap/lead scrap/battery scarp

  • DIC/Udyog aadhar
  • NOC from MOEF& CC
  • CA certificate indicating production/consumption data for last 3 year

Import of Slag

  • State pollution control board certificate

Import of Ozone-depleting substance

  • CA certificate indicating production/consumption data for last 3 year

Import of Wild animals under the Animal Exchange Programme

  • Recommendation of Central Zoo Authority

Import of Arms and ammunition

  • Arms dealer License
  • Furnish sale detail of arms and ammunitions in preceding 3 licensing years (in RS)

For Supply to govt. Departs. Including police and defense furnish

  • End-User Certificate and
  • Proforma invoice of the supplier

Aircraft/Helicopter/Hot Air Balloons/UAVs

  • DGCA permission number and date
  • NOC from WPC of Deptt of telecom, if applicable
  • Aircraft detail

Transmitter or communication device

  • Regional WPC permission/NOC

Refurbished electronic item

  • BIS registration certificate or exemption letter from MeITY

Import of gold dore

  • NABL certification for first-time importers
  • BIS certification for subsequent import
  • Pollution certificate from the state
  • DIC/Udyog Aadhar

Import of Silver dore

  • Pollution certificate from state pollution control board
  • DIC/Udyog Aadhar

Stages to obtain DGFT Approval for Import of Restricted Items in India like Gold Dore

Stage 1

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Call or WhatsApp us on +91-99991-39391 to free consultation about this service with our team of professional. You can also email us on reach@corpzo.com.

Stage 2

FILING OF THE APPLICATION

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Upon completion of the documentation we waste no time in preparation and filing of your application. Once filed we will share the acknowledgement with you.

Stage 3

DEDICATED PROFESSIONAL

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We align a professional to ensure you have you to discuss in detail the compliance requirements of your business and through assistance throughout the process.

Stage 4

SHARE YOUR DOCUMENTS

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Our team warrants hassle free documentation. We collect the necessary documents and share the relevant drafts to ensure a timely filing and delivery.

Stage 5

SYSTEMATIC INFORMATION

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We thrive to keep you apprised about the status of your application until its completion. Every development on your application is brought to your attention.

Stage 6

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