The government has put the imports of gold dore in restricted category. Now, the importer needs a license to import this commodity.
The directorate general of foreign trade (DGFT) in its notification said import policy of gold dore is restricted. Gold dore is a semi-pure alloy which is refined for further purification. Refined gold bars are manufactured from gold dore bar.
India, the world's second-biggest gold consumer after China, imports about 900 tonnes of gold a year. In value terms, gold imports fell by about 43% to $1.68 billion in October. The imports mainly take care of demand of the jewellery industry.