RBI Rationalises Reporting System on Gold
Import
[RBI
Circular No. 103 dated 3rd April 2012]
Sub: Data on import of
Gold – Statements – Modification
Attention of Authorised Dealer Category – I (AD
Category – I) banks is invited to Para 4(v) of A.P. (DIR Series) Circular No.2
dated July 9, 2004, in terms of which AD Category – I banks are required to
submit to FED, CO, RBI a monthly statement regarding the number of transactions
and value in USD million and Rupees in crores of gold
imported by (i) Export Oriented Units (EOUs), (ii) Units in SEZ/EPZ, and (iii)
Nominated Agencies/Banks.
2. It has been decided to further rationalize the entire reporting
system on import of gold. Accordingly, A.D. Category-I banks shall henceforth
submit the following statements to the Chief General Manager, Reserve Bank of
India, Foreign Exchange Department, Central Office, Trade Division, Amar
Building, Fort, Mumbai-400001:
(i) Statement on half yearly basis (end March / end September)
showing the quantity and value of gold imported by the nominated banks/
agencies/ EOUs/ SEZs in Gem & Jewellery sector, mode of payment-wise, as
per Annex 'A';
(ii) Statement on monthly basis showing the quantity and value of
gold imports by the nominated agencies (other than the nominated banks)/ EOUs/
SEZs in Gem & Jewellery sector during the month under report as well as the
cumulative position as at the end of the said month beginning from the 1st
month of the Financial Year, as per Annex 'B'.
Both the statements shall be
submitted, even if there is 'Nil' position and they should reach the aforesaid
office of RBI by the 10th of the following month / half year to which it
relates. The statements may also be submitted by e-mail.
3. The other terms & conditions mentioned in the A.P. (DIR
Series) Circular No. 2 dated July 9, 2004 remain unchanged.
4. The directions contained in this circular have been issued under
sections 10 (4) and 11 (2) of the Foreign Exchange Management Act, 1999 (42 of
1999) and are without prejudice to permissions / approvals, if any, required
under any other law.
Statement on Import of Gold for
the half year ended.
Name of the Bank:
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Mode of payment |
Quantity of Gold imported (in kgs) |
Value of Gold imported |
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Nominated banks/ Agencies |
EOU/ \SEZ |
USD million |
` million |
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Nominated Banks/ Agencies |
EOU/SEZ |
Nominated Banks/ Agencies |
EOU/SEZ |
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(i) Delivery against payment basis |
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(ii) Suppliers Credit basis |
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(iii) Consignment basis |
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(iv) Unfixed Price basis |
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Note: Full details of transactions may be provided
in cases where the aggregate value of export exceeds USD 50 million in respect
of single importer.
Name of the AD bank: .......................
Data for import of the gold by non-bank nominated
/other agencies for the month of ........... during the FY ……….
|
Sr. No. |
Name of the nominated agencies |
For the current month |
Up to the current month for the FY |
Remarks, if any |
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Quantity in Kg |
Value in USD |
Quantity in Kg |
Value in USD |
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I. Import of Gold by non-bank nominated agencies |
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1 |
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2 |
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3 |
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4 |
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5 |
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Sub-total |
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II. Import of gold by EOUs in Gems &
Jewellery Sector |
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1 |
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2 |
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3 |
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Sub-total |
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III. Import of gold by SEZs in Gems &
Jewellery Sector |
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1 |
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2 |
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3 |
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Sub-total |
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Grand Total |
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