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The Reserve Bank of India wants granular data on import of gold by export oriented units, units in special economic zones/export promotion zones, and nominated agencies/banks.
This move comes in the wake of an almost 50 per cent growth in imports of gold and precious metals being the primary drivers of the current account deficit.
The RBI wants statement on half yearly basis (end March/end September) showing the quantity and value of gold imported and mode of payment.
The central bank wants a monthly statement showing the quantity and value of gold imports by the nominated agencies (other than the nominated banks)/EOUs/SEZs in Gem & Jewellery sector during the month under report.
Further, it wants to know the cumulative position as at the end of the said month beginning from the first month of the financial year.
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