Discover what
makes us the
No. 1 bullion supplier
for you
Sourcing from trusted and reputed suppliers
Discover what
makes us the
No. 1 bullion supplier
for you
Sourcing from trusted and reputed suppliers
Discover what
makes us the
No. 1 bullion supplier
for you
Sourcing from trusted and reputed suppliers
SUPPLies
We source the world’s best directly for you
Rough Diamonds
investment corpus, we source rough diamonds
directly from overseas miners for supply to local
manufacturers.
Precious Metals
import precious metals (gold, silver, platinum etc)
for supply to domestic jewellers and jewellery
exporters.
SOLUTIONS
We offer schemes that suit your needs
Consistently supporting small exporters to expand and grow
Domestic schemes
Outright purchase of Gold
It is a facility under which you may purchase gold against 100% payment for domestic use.
Outright purchase of Platinum
It is a facility under which you may purchase platinum against 100% payment for domestic use.
Import of Gold under TRQ License
It is a facility under which we would import and supply gold to you at concessional rate of duty under India-UAE CEPA against your Tariff Rate Quota (TRQ). You may register DIL as supplier on the TRQ.
Outright purchase of Silver
It is a facility under which you may purchase silver against 100% payment for domestic use
Outright purchase of Silver Alloys
It is a facility under which we would import silver alloys for you as necessary. You may even suggest your preferred overseas suppliers for empanelment.
Import of Silver under CEPA
It is a facility under which we would import and supply silver to you at concessional rate of duty under India-UAE CEPA.
Export schemes
Outright purchase of Gold
It is a facility under which you may purchase duty-free gold for jewellery exports against 100% payment. You would export jewellery within 90 days, realise proceeds within 270 days of export and submit the proof of export for grant of duty exemption.
Metal Loan of Gold
It is a facility under which you may avail duty-free gold on loan basis for jewellery exports against security of Bank Guarantee/Cash Margin. You would export jewellery within 90 days, realise proceeds to close the metal loan with interest within 180 days of availing gold.
Replenishment of Gold against Exhibition Sale
It is a facility under which you may avail duty-free gold against the jewellery sold in exhibitions abroad. You may avail duty-free gold within 120 days of the close of exhibition against export documents as certified by GJEPC.
Outright purchase of Silver
It is a facility under which you may purchase duty-free silver for jewellery exports against 100% payment. You would export jewellery within 90 days, realise proceeds within 270 days of export and submit the proof of export for grant of duty exemption.
Replenishment of Gold after Export
It is a facility under which you may, post-export, take delivery of duty-free gold as replenishment of domestic gold used in jewellery. You may avail replenishment either on booking basis or on Notional Rate Certificate (NRC) basis. In case of the former, you would book gold against 20% margin, export jewellery within 120 days and take delivery within 150 days of booking with payment of the balance 80% amount with interest. In case of the latter, you would export jewellery at a notional rate (NRC), book gold and realise proceeds in 180 days and take delivery of duty-free gold in replenishment against export documents and payment.
We provide
best-in-class
customer service
kyc (KNOW YOUR CUSTOMER) process
We enable hassle-free onboarding
CUSTOMER SERVICE
Customers are
truly the focus of
our business
Customers are truly the purpose of our business as
our company was formed to support members of
the gems and jewellery trade with seamless supply
of critical materials.
We open accounts, provide inputs under all
schemes and render prompt service. All within
legal frameworks and as per our internal policies.
Frequently asked questions
Are you licensed to import gold?
Yes, we are licensed to import gold, silver, platinum etc as a Nominated Agency in terms of DGFT Notification 88/2008 dt 26.02.2009.
How do I register my firm with you to avail gold?
Please see the KYC Page
How long it takes for you to complete KYC?
What documents are required for KYC?
Please see the KYC Page on this website
What products/services are offered by you?
We offer imported gold, silver, platinum, alloys etc both for domestic jewellers and jewellery exporters. Please see the What We offer page
Whether you offer a better rate for gold than the market?
We price gold at international rate. You would choose the time when the international gold rate (as seen on Reuters screen) is suitable for you.
How do we get gold delivered at our center?
We deliver gold at all bullion centers of the country (e.g. Mumbai, Ahmedabad, Rajkot, Jaipur, Delhi, Noida, Kanpur, Lucknow, Kolkata, Raipur, Hyderabad, Vijayawada, Chennai, Coimbatore, Cochin, Thrissur, Bangalore, Surat, Amritsar etc). Delivery is made from the local vaults of our logistic partners like Brinks, Sequel etc.
Can we have gold from you if we are exporting jewellery for the first time?
Yes. You are welcome.
Can we get gold and silver for export in small quantities?
Yes. We also supply gold and silver in small quantities to exporters.
Please contact us for further details.
Can we get duty-free gold from you against our exports?
Yes, provided you submit the proof of exports as required under Foreign Trade Policy (FTP).
What is ‘proof of exports’?
As per FTP, proof of exports are: i) Exporter’s copy of Shipping Bill ii) Tax invoice for export supplies as uploaded on LEO copy of Shipping Bill and iii) Bank Realisation Certificate (BRC)
Why should we provide you margin towards customs duty if we are availing duty-free gold?
Margin is provided as security for customs duty. It is released after you submit proof of exports & customs finds them in order. In case the proof of exports is not submitted within due date, duty with interest is paid to customs out of the said margin.
Why should we provide minimum 110% margin?
It is to cover the gold price and interest on customs duty.
What happens if we export jewellery in 916 or lower fineness?
You would get an equivalent quantity of duty-free gold of 995 fineness
What is Value Addition?
Value Addition (VA) is the % of value added in jewellery over the cost of imported inputs. HBP Para 4.60 provides the % of minimum VA to be achieved for various types of jewellery exported.
What is admissible wastage?
Admissible wastage is the wastage of gold which is likely to happen in manufacture of jewellery. HBP Para 4.59 provides the maximum admissible wastage for various types of jewellery.
Can we export jewellery from any port in India?
Yes. We would accept export documents for jewellery exported from any port in India. (However, certain restrictions apply for hand carry of jewellery and postal /courier bookings. Please refer HBP Para 4.71)
What happens if customs authorities do not find our export documents to be in order?
If customs authorities do not find your documents to be in order, your transaction will be treated as a domestic transaction and you would be liable to pay duty with interest.
What if customs authorities find our documents not in order after you have released margin money?
We release your margin money at your request so that your working capital is not blocked. Your liability towards customs duty remains till customs authorities grant duty exemption.
Can we avail metal loans from you for export purpose?
Yes.
Can we get metal loans from you for domestic purpose?
No. Current RBI guidelines do not permit so.
What is Margin Call?
Margin call is the call to top up the available margin when the metal price goes up. You need to top up the margin so that it always covers 110% of the metal price.
What if we fail to top up the margin?
If you do not top up the margin within 24 hours of margin call, we would cut the metal price at international rate and recover the metal value, costs, losses etc from you.
Can we get gold on Replenishment basis?
Yes. You can export jewellery out of your own gold and get an equivalent quantity of duty-free gold from us as replenishment as per the procedure in HBP para 4.81.
Can we get gold from you under our TRQ license?
Yes, provided you have endorsed the license in our name as nominated agency. You are welcome to do so.
Can we get silver under CEPA agreement?
Yes.
Can we get silver alloys from you for use in jewellery manufacturing?
Yes. You are welcome to contact us for details.
What are the IGCR Rules?
Basically, as the end users, you are required to use the imported metals for the specified purpose and maintain records for the same for satisfaction of customs.
Are there any restrictions on opening of account and supply of imported gold, silver etc by you?
The opening of account is subject to RBI guidelines on KYC and our internal policies. Similarly, supply of imported metals is subject to RBI/Customs rules, availability of metals, logistics, commercial terms, our internal policies.
Any reason why we should consider you as our supplier?
We are a Nominated Agency notified by the Govt of India for import of gold, silver, platinum etc. We work in close coordination with GJEPC to support the exporters. We have been adjudged by the trade as the Best Nominated Agency consecutively for five years. We welcome you to join our 800 happy customers.