Examples of Nominated Agencies in a sentence
Nominated Agencies and their associates, with approval of Department of Commerce and with approval of Gem & Jewellery Export Promotion Council (GJEPC), may export gold / silver / platinum jewellery and articles thereof for exhibitions abroad.
Notwithstanding any provision relating to import of gold by Nominated Agencies under Foreign Trade Policy (2015-2020), the import of gold by Four Star and Five Star Houses with Nominated Agency Certificate is subjected to actual user condition and are permitted to import gold as input only for the purpose of manufacture and export by themselves during the remaining validity period of the Nominated Agency certificate.
Nominated Agencies are MMTC Ltd, The Handicraft and Handlooms Exports Corporation of India Ltd, The State Trading Corporation of India Ltd, PEC Ltd, STCL Ltd, MSTC Ltd, and Diamond India Limited.
It is hereby clarified that the 15% of the value of the Project as stated in herein above is calculated on the basis of bid value submitted by the System Integrator and accepted by the CLIENT or its nominated agencies or as decided and approved by CLIENT or it Nominated Agencies.
Nominated Agencies and 100% EOUs/units in SEZ, which are in the Gem and Jewellery Sector.
If any amount is due and payable by the Service Provider to the Contracting Authority or Its Nominated Agencies, the same shall be either adjusted by the Service Provider in the subsequent Invoices or Paid to the Contracting Authority in a method as informed by the Contracting Authority or its Nominated Agencies on a case to case basis.
C.12.8. Import of Gold on Loan Basis (i) Nominated Agencies / Authorised Banks can import gold on loan basis only for on lending to exporters of gold jewellery.
Response: This is a very interesting comment but beyond the immediate scope of this document.
Further, they stated that refineries are different from Nominated Agencies as refiner has to fulfil the condition of actual user and therefore furnish the details of utilization of gold dore to excise authorities and customs authorities about the quantity of gold extracted.
Details of EOUs/Units in SEZ and Nominated Agencies should be given separately.