RBI Allows Qualified Jewellers to Remit Advance Payment for 11 Days for Silver via IIBX in the Same Manner As Gold
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- By Chetan Kulasri
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- Last Updated on 16 November, 2023
Latest from Taxmann
A.P. (DIR Series) Circular No. 07, Dated: 10.11.2023
RBI permits that AD Category-I banks may allow Qualified Jewellers to remit advance payment for 11 days for silver import through International Bullion Exchange IFSC Ltd (IIBX). Earlier this facility was available for the import of gold only. The same has been extended to the import of silver as well. Further, the guidelines notified on the import of gold by Qualified Jewellers shall also apply to the import of silver also.
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