<img width="800" height="480" src="https://www.ilacc.com/wp-content/uploads/2023/08/download.png" alt="DGFT" loading="lazy" />															
		<p>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.</p><table><tbody><tr><td><p>In exercise of the powers conferred under paragraph 1.03 &amp; 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.</p></td></tr></tbody></table><table><tbody><tr><td><table><tbody><tr><td><p>List Of Banks Authorised By Reserve Bank Of India To Import Both Gold And Silver For FY 2023-24 Valid up to March 31, 2024. B. List Of Banks Authorised By Reserve Bank Of India To Import Only Gold For FY 2023-24 Valid up to March 31, 2024. List of banks authorised to import gold/silver under Appendix 4B of Handbook of Procedures, 2023 has been updated.</p></td></tr></tbody></table></td></tr></tbody></table><h4>The update signifies a dynamic approach by the DGFT and the RBI to regulate the import of precious metals, ensuring a controlled and transparent process. The notice reflects a clear intention to maintain a current and accurate record of authorized entities engaged in the import of gold and silver.<br /><br /><br /></h4><p>The issuance of Public Notice No. 28/2023-DGFT by the Directorate General of Foreign Trade (DGFT) holds substantial significance for those involved in the import of precious metals, particularly gold and silver. The updated list of banks authorized by the Reserve Bank of India (RBI) underscores the importance of adherence to regulations and the need for transparency in trade practices.<br /><br /><br /></p>