Current Affairs - Miscellaneous - Discussion

The Union Government banned exports of Gold jewellery, medallions and other articles above 22- carat purity in a bid to check round-tripping of the precious metal. According to the Directorate General of Foreign Trade (DGFT), certain provisions of the foreign trade policy (2015-20) are amended to allow export of gold jewellery and articles containing gold of 8 carats and above up to a maximum limit of 22 carats only from domestic tariff area and export-oriented units, electronics hardware technology parks, software technology parks and bio technology parks.