|Subject||Banks seek clarity in gold import policy, halt shipments|
The banks nominated by the Union government for importing gold have stopped shipments as they sought clarity in the import policy after the withdrawal of the 80:20 scheme.
"A few bankers have approached the Reserve Bank of India seeking clarity on new policy after 80:20 scheme was withdrawn last month," a bank official said.
Some banks also wanted to know if gold could be imported on a consignment basis, it is learnt.
Source : eximin.net
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