From June, only BIS certified gold refineries can import dore

Dore or unrefined gold in India so far can be imported by any dore refinery only

The director general of foreign trade on Friday issued a notice saying dore (unrefined) gold can be imported only by refineries certified by the Bureau of Indian standards (BIS).

An average of 150-200 tonnes are imported a year. The duty on dore is marginally lower, which incentivise such refineries to import and do valuation in India. 

The new norms on dore imports will be effective June 1. BIS had nearly a year ago developed standards for gold refining but these were not mandatory.

India has 32 dore gold refineries, with annual refining capacity of 1,470 tonnes. However, lack of dore availability and business