Millennium Post

PC Jeweller nominated agency for direct precious metal imports

Leading jewellery firm PC Jeweller Wednesday said the government has designated the company as nominated agency for direct import of precious metals to be used for domestic business.

The move would help the company to reduce its cost to buy precious metals, PC Jeweller Managing Director Balram Garg said. In a filing to the BSE, PC Jeweller informed that the “company, has been designated as Nominated Agency under Paragraph 4A.4 of Foreign Trade Policy 2009-14 (RE-2012), by the Additional Director General of Foreign Trade (CLA), Ministry of Commerce & Industry, Department of Commerce”

“This permission makes the company eligible for direct import of Precious Metals (gold/silver/platinum) for domestic business,” it added.
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