Centre Revises Authorized Banks for Gold and Silver Imports Under Foreign Trade Policy

The Directorate General of Foreign Trade (DGFT) has announced amendments to Appendix 4B of the Handbook of Procedures for the year 2023, which is part of the Foreign Trade Policy. These revisions are intended to enhance and streamline processes within the framework of India’s foreign trade operations.

The specific details regarding the changes have not yet been disclosed, but they are expected to impact various sectors involved in international trade. The amendments reflect the government’s ongoing efforts to improve the ease of doing business, facilitate exports, and support the overall growth of the Indian economy. Stakeholders, including exporters and importers, are encouraged to review the updated appendix to understand the implications for their operations.

The Foreign Trade Policy, which is updated periodically, aims to provide a comprehensive framework for Indias trade relations and is designed to promote trade, enhance competitiveness, and attract foreign investment.