DGFT issued updated List of banks authorised to import gold/silver under Appendix 4B of Handbook of Procedures, 2023

The DGFT vide Public Notice No. 28/2023 dated August 18, 2023 has issued an updated List of banks authorised to import gold/silver under Appendix 4B of Handbook of Procedures, 2023.

In exercise of the powers conferred under paragraph 1.03 & 2.04 of the Foreign Trade Policy (FTP), 2023, as amended from time to time, the Director General of Foreign Trade hereby makes the following amendments in Part A and B under Appendix 4B of Handbook of Procedure. 2023:

A. List Of Banks Authorised By Reserve Bank Of India To Import Both Gold And Silver For FY 2023-24 Valid upto March 31, 2024

1.

Axis Bank Limited
2.

Bank of India

3.

Federal Bank Limited

4.

HDFC Bank Limited
5.

Industrial and Commercial Bank of China Limited

6.

ICICI Bank Limited
7.

IndusInd Bank Limited

8.

Indian Overseas Bank
9.

Kotak Mahindra Bank Limited

10.

Karur Vysya Bank Limited
11.

Punjab National Bank

12.

RBL Bank Limited
13.

State Bank of India

14.

Union Bank of India
15.

Yes Bank Limited

B. List Of Banks Authorised By Reserve Bank Of India To Import Only Gold For FY 2023-24 Valid upto March 31, 2024

1.

Bank of Baroda

Effect of this Public Notice:

List of banks authorised to import gold/silver under Appendix 4B of Handbook of Procedures, 2023 has been updated.

The Public Notice can be accessed at: https://a2z-bucket.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/08/Public-Notice-English.pdf

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