Ask Jurishour AI

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
tdb_templates
saswp_reviews
saswp-collections
saswp_rvs_location
tdc-review-email
web-story-font
web-story
googlesitekit_email
tds_locker
tds_email
saswp
mailpoet_page
mailpoet_email
tdcpt_tunes
tdc-review
pronamic_payment
pronamic_gateway
pronamic_pay_subscr
wpcode
HomeNotificationFinMin Authorises Russia’s Sberbank to Import Gold Till March 2026

FinMin Authorises Russia’s Sberbank to Import Gold Till March 2026

Notification

Published on

By Mariya Paliwala
FinMin Authorises Russia’s Sberbank to Import Gold Till March 2026

🚀 Stay Connected With JurisHour

WhatsApp X Telegram

The Ministry of Finance has added Russia’s largest lender, Sberbank, to the list of banks permitted to import gold into the country. 

According to the notification, Sberbank has been included in the list of banks authorised to import only gold for the period from June 25, 2025 to March 31, 2026. The authorisation is part of the government’s regulated framework governing the import of precious metals into India.

Apart from Sberbank, two Indian lenders — Indian Overseas Bank and Union Bank of India — are also included in the list of banks authorised to import gold during the financial year 2025–26.

As per the guidelines issued by the Reserve Bank of India (RBI), a total of 16 banks have been authorised to import gold for the specified period.

Sberbank, which holds a full banking licence to operate in India, plays a significant role in facilitating India–Russia trade payments. The bank currently handles a substantial share of bilateral transactions between the two countries and is also exploring opportunities to channel the rupee surplus of its investors into Indian government securities.

Notification Details

Notification No. 06/2026-Customs 

Date: 12/03/2026

Click Here To Read Notification

Read More: Cross-Examination Not Absolute Right | Delhi High Court Upholds Penalty In Gutkha Manufacturing Case

Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

Latest articles

Supreme Court

Voters Can File Private Complaints Over False Election Affidavits; Election Commission’s Complaint Not Mandatory: Supreme Court

The Supreme Court has held that private individuals can file criminal complaints against elected...
Case Compilation

JURISHOUR | TAX LAW DAILY BULLETIN : 16 OCTOBER, 2026

Here’s the Tax Law Daily Bulletin for October 16, 2026.GSTOMITTED ITC CAN BE CLAIMED...
Supreme Court

Agreement To Sell Does Not Confer Ownership; Possession Suit Requires Declaration Where Title Is Under Serious Cloud: Supreme Court 

The Supreme Court has held that an agreement to sell does not confer ownership...
Supreme Court

Writ Appeal Bench Can’t Reverse a Just and Reasonable Order Merely Because It Takes a Different View: Supreme Court 

The Supreme Court has held that a High Court’s Division Bench hearing a Letters...

More like this

Supreme Court

Voters Can File Private Complaints Over False Election Affidavits; Election Commission’s Complaint Not Mandatory: Supreme Court

The Supreme Court has held that private individuals can file criminal complaints against elected...
Case Compilation

JURISHOUR | TAX LAW DAILY BULLETIN : 16 OCTOBER, 2026

Here’s the Tax Law Daily Bulletin for October 16, 2026.GSTOMITTED ITC CAN BE CLAIMED...
Supreme Court

Agreement To Sell Does Not Confer Ownership; Possession Suit Requires Declaration Where Title Is Under Serious Cloud: Supreme Court 

The Supreme Court has held that an agreement to sell does not confer ownership...