<p>Amid rising inward shipments of gold, the government on Wednesday imposed restrictions on import of precious metals.</p>.<p>According to a notification issued by the Directorate General of Foreign Trade (DGFT), import of gold in any form has been placed in "restricted" category from the "free" category.</p>.<p>"Import policy of gold in any form, other than monetary gold and silver in any form, is amended from 'Free' to 'Restricted'; import is allowed only through nominated agencies as notified by RBI (in case of banks) and DGFT (for other agencies)," the directorate said.</p>.<p>However, import under advance authorisation and supply of gold directly by the foreign buyers to exporters against orders have been exempted.</p>.<p>The restrictions come in the backdrop of rising imports of gold, which rose by 6.59 per cent to USD 2.94 billion in November from USD 2.76 billion a year-ago.</p>
<p>Amid rising inward shipments of gold, the government on Wednesday imposed restrictions on import of precious metals.</p>.<p>According to a notification issued by the Directorate General of Foreign Trade (DGFT), import of gold in any form has been placed in "restricted" category from the "free" category.</p>.<p>"Import policy of gold in any form, other than monetary gold and silver in any form, is amended from 'Free' to 'Restricted'; import is allowed only through nominated agencies as notified by RBI (in case of banks) and DGFT (for other agencies)," the directorate said.</p>.<p>However, import under advance authorisation and supply of gold directly by the foreign buyers to exporters against orders have been exempted.</p>.<p>The restrictions come in the backdrop of rising imports of gold, which rose by 6.59 per cent to USD 2.94 billion in November from USD 2.76 billion a year-ago.</p>