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2019 (5) TMI 81 - AT - CustomsImport of restricted item - Gold Granules of Purity 99.99% (Non-Monetary) - It is the case of the Revenue that import of Gold Granules is permitted only through a Nominated Bank or a Nominated Agency, or a Holder of Status of Star and Premier Trading Houses, subject to RBI Regulation and procedure prescribed in this regard - HELD THAT:- Since the appellant is not a Nominated Bank or a Nominated Agency or a Holder of Status of Star and Premier Trading Houses, the restriction procedures and clarifications issued by the RBI relating to import of Gold/Gold Granules do not entitle the payment to import the Gold Granules in question. Admittedly, the appellant does not fall in the category of Nominated Agencies but there is no bar on the importer to import Gold in any form unless it is restricted like Monetary Gold which is covered under CTH 71082000. Appeal allowed - decided in favor of appellant.
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