{"id":33613,"date":"2025-10-10T09:11:18","date_gmt":"2025-10-10T03:41:18","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=33613"},"modified":"2025-10-11T09:12:16","modified_gmt":"2025-10-11T03:42:16","slug":"gjepc-iibx-achieve-milestone-with-first-duty-free-gold-import-under-advance-authorisation-scheme","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/gjepc-iibx-achieve-milestone-with-first-duty-free-gold-import-under-advance-authorisation-scheme\/","title":{"rendered":"GJEPC &#038; IIBX Achieve Milestone with First Duty-Free Gold Import Under Advance Authorisation Scheme"},"content":{"rendered":"<p>The India International Bullion Exchange (IIBX), in collaboration with the Gem &amp; Jewellery Export Promotion Council (GJEPC), has achieved a major milestone by facilitating the country\u2019s first-ever duty-free import of gold under the Directorate General of Foreign Trade\u2019s (DGFT) <em>Advance Authorisation Scheme<\/em>. This breakthrough marks a new chapter in India\u2019s bullion market, aligning with the government\u2019s vision to streamline bullion imports through transparent and regulated channels.<\/p>\n<p>Ashok Gautam, Managing Director &amp; CEO, IIBX, said, \u201cWe thank the Gem &amp; Jewellery Export Promotion Council (GJEPC) for the confidence it has bestowed on us. In our endeavour to support jewellery exports from India, IIBX has successfully enabled Advance Authorisation License Holder Qualified Jewellers to import bullion. The first transaction has been successfully concluded and cleared by Customs.\u201d<\/p>\n<p>The <em>International Financial Services Centres Authority (IFSCA)<\/em>, through its latest circular issued on October 10, 2025, has consolidated and updated guidelines to enable <em>Qualified Jewellers<\/em> and <em>India-UAE CEPA Tariff Rate Quota (TRQ) Holders<\/em> to import gold and silver through IIBX. The circular simplifies eligibility norms, operational procedures, and compliance requirements, making the process more inclusive and efficient.<\/p>\n<p>Under this mechanism, jewellers holding DGFT\u2019s Advance Authorisation License and notified as <em>Qualified Jewellers<\/em> by IFSCA can now import gold through IIBX without paying import duty, provided the metal is used for jewellery meant for export. The platform ensures full transparency, traceability, and regulatory compliance throughout the transaction chain\u2014from purchase on IIBX to clearance by Customs.<\/p>\n<p>The development is expected to significantly boost India\u2019s jewellery exports by reducing input costs and improving liquidity for exporters. It also strengthens IIBX\u2019s role as a trusted global bullion marketplace operating from GIFT City\u2019s International Financial Services Centre (IFSC).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The India International Bullion Exchange (IIBX), in collaboration with the Gem &amp; Jewellery Export Promotion Council (GJEPC), has achieved a major milestone by facilitating the country\u2019s first-ever duty-free import of gold under the Directorate General of Foreign Trade\u2019s (DGFT) Advance Authorisation Scheme. This breakthrough marks a new chapter in India\u2019s bullion market, aligning with the&hellip;<\/p>\n","protected":false},"author":1,"featured_media":33614,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-33613","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>GJEPC &amp; IIBX Achieve Milestone with First Duty-Free Gold Import Under Advance Authorisation Scheme - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gjepc.org\/solitaire\/gjepc-iibx-achieve-milestone-with-first-duty-free-gold-import-under-advance-authorisation-scheme\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GJEPC &amp; IIBX Achieve Milestone with First Duty-Free Gold Import Under Advance Authorisation Scheme - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"og:description\" content=\"The India International Bullion Exchange (IIBX), in collaboration with the Gem &amp; Jewellery Export Promotion Council (GJEPC), has achieved a major milestone by facilitating the country\u2019s first-ever duty-free import of gold under the Directorate General of Foreign Trade\u2019s (DGFT) Advance Authorisation Scheme. This breakthrough marks a new chapter in India\u2019s bullion market, aligning with the&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gjepc.org\/solitaire\/gjepc-iibx-achieve-milestone-with-first-duty-free-gold-import-under-advance-authorisation-scheme\/\" \/>\n<meta property=\"og:site_name\" content=\"Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"article:published_time\" content=\"2025-10-10T03:41:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-11T03:42:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2025\/10\/IIBX-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/#website\",\"url\":\"https:\/\/gjepc.org\/solitaire\/\",\"name\":\"Solitaire magazine is a International jewellery magazine - India\\u2019s leading B2B gem and jewellery magazine\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/gjepc.org\/solitaire\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/gjepc-iibx-achieve-milestone-with-first-duty-free-gold-import-under-advance-authorisation-scheme\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2025\/10\/IIBX-1.jpg\",\"width\":1000,\"height\":600},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/gjepc-iibx-achieve-milestone-with-first-duty-free-gold-import-under-advance-authorisation-scheme\/#webpage\",\"url\":\"https:\/\/gjepc.org\/solitaire\/gjepc-iibx-achieve-milestone-with-first-duty-free-gold-import-under-advance-authorisation-scheme\/\",\"name\":\"GJEPC & IIBX Achieve Milestone with First Duty-Free Gold Import Under Advance Authorisation Scheme - Solitaire magazine is a International jewellery magazine - India\\u2019s leading B2B gem and jewellery magazine\",\"isPartOf\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/gjepc-iibx-achieve-milestone-with-first-duty-free-gold-import-under-advance-authorisation-scheme\/#primaryimage\"},\"datePublished\":\"2025-10-10T03:41:18+00:00\",\"dateModified\":\"2025-10-11T03:42:16+00:00\",\"author\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/#\/schema\/person\/b614a6d604f6c36c387b4c876bb33d79\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/gjepc.org\/solitaire\/gjepc-iibx-achieve-milestone-with-first-duty-free-gold-import-under-advance-authorisation-scheme\/\"]}]},{\"@type\":[\"Person\"],\"@id\":\"https:\/\/gjepc.org\/solitaire\/#\/schema\/person\/b614a6d604f6c36c387b4c876bb33d79\",\"name\":\"GJEPC\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f6c5b479a8ec14da0f88385e2b6cd51ccb37ac80c31409ecaebe5524700952a2?s=96&d=mm&r=g\",\"caption\":\"GJEPC\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/33613","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/comments?post=33613"}],"version-history":[{"count":1,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/33613\/revisions"}],"predecessor-version":[{"id":33615,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/33613\/revisions\/33615"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/media\/33614"}],"wp:attachment":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/media?parent=33613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/categories?post=33613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/tags?post=33613"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/thb-sponsors?post=33613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}