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Core Purpose

Corrigendum to Public Notice No. 28/2023 dated 18.08.2023, revising the headings of Table A and Table B listing banks authorised to import gold and silver.

Detailed Summary

The Directorate General of Foreign Trade (Department of Commerce, Ministry of Commerce and Industry), acting under Paragraphs 1.03 and 2.04 of the Foreign Trade Policy 2023, issues a corrigendum (F. No. 01/94/180/261/AM18/PC-4) partially modifying the headings of Table A (banks authorised to import both gold and silver) and Table B (banks authorised to import only gold) in Public Notice No. 28/2023 dated 18.08.2023, so that the authorisation for FY 2023-24 is stated as being with effect from 01.04.2023 and valid up to 31.03.2024, instead of merely being valid up to 31.03.2024, effectively making the bank authorisation list retroactive to the start of the financial year; the notice is signed by Santosh Kumar Sarangi, Director General of Foreign Trade and Ex-officio Additional Secretary.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-10022024-251988 EXTRAORDINARY PART I—Section 1 PUBLISHED BY AUTHORITY No. 30] NEW DELHI, FRIDAY, FEBRUARY 9, 2024/MAGHA 20, 1945 MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) CORRIGENDUM New Delhi, the 9th February, 2024 Subject: Corrigendum to Public Notice no. 28/2023 dated 18.08.2023-reg. F. No. 01/94/180/261/AM18/PC-4.—In exercise of powers conferred under Paragraph1.03 & 2.04 of the Foreign Trade Policy 2023, as amended from time to time, the Directorate General of Foreign Trade hereby partially modifies the headings of Table A and Table B of Public Notice No. 28/2023 dated 18.08.2023 as follows: +-------------------------------------------------------+----------------------------------------------------+ | Existing heading of Table A | Revised heading of Table A | +=======================================================+====================================================+ | A. LIST OF BANKS AUTHORISED BY RESERVE | A. LIST OF BANKS AUTHORISED BY RESERVE | | BANK OF INDIA TO IMPORT BOTH GOLD AND | BANK OF INDIA TO IMPORT BOTH GOLD AND | | SILVER FOR FY 2023-24 VALID UPTO MARCH 31, | SILVER FOR FY 2023-24 WITH EFFECT FROM | | 2024 | 01.04.2023 AND VALID UPTO 31.03.2024. | +-------------------------------------------------------+----------------------------------------------------+ | Existing heading of Table B | Revised heading of Table B | +=======================================================+====================================================+ | B. LIST OF BANKS AUTHORISED BY RESERVE | B. LIST OF BANKS AUTHORISED BY RESERVE | | BANK OF INDIA TO IMPORT ONLY GOLD FOR FY | BANK OF INDIA TO IMPORT ONLY GOLD FOR FY | | 2023-24 VALID UPTO MARCH 31, 2024. | 2023-24 WITH EFFECT FROM 01.04.2023 AND | | | VALID UPTO 31.03.2024. | +-------------------------------------------------------+----------------------------------------------------+ Effect of this Corrigendum: The heading of Table A and Table B of Public Notice No. 28/2023 dated 18.08.2023 have been partially modified to make the list of banks effective from the 1st of April, 2023. SANTOSH KUMAR SARANGI, Director General of Foreign Trade & Ex-officio Addl. Secy.

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