A day after significantly increasing the import duty on precious metals, the government has imposed a limit of 100 kg on gold imports under the Advance Authorisation (AA) scheme, which allows jewellery exporters to import raw or input materials at zero duty. The government has tightened conditions for the issuance and monitoring of advance authorisation for import of gold. Earlier, there was no limit on gold imports under the scheme. The Advance Authorisation scheme allows the duty-free import of inputs that are incorporated into an export product. In addition to any inputs, packaging material, fuel, oil, and catalyst that are consumed or utilised in the process of production of export product, are also allowed.
The Directorate General of Foreign Trade (DGFT) said ‘AA for import of gold shall be issued, subject to a maximum remissible quantity of 100 kilograms’. It added that in case of application for Advance Authorisation by a first-time applicant, a mandatory physical inspection of the applicant's manufacturing facility will be undertaken to verify the existence, capacity and operational status of the unit.
It said ‘Any subsequent AA for the import of gold, shall be considered for issuance only upon fulfilment of at least 50 per cent of the export obligation...’, and added that the AA holder will have to submit a fortnightly performance report, which should be duly certified by an independent chartered accountant certifying gold imports and exports undertaken. Further, the concerned regional authority of the directorate will submit a monthly report to the DGFT containing details regarding the issuance of AA.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: