New Delhi, March 24 The government on Tuesday extended the validity of licenses issued for the import of gold with quota-based duty concessions under a free trade agreement with the UAE until June 3, amidst the West Asian crisis.
Under the India-UAE Comprehensive Economic Partnership Agreement (CEPA), India has granted quota-based duty concessions on gold imports under the Tariff Rate Quota (TRQ).
"In view of the prevailing geopolitical developments affecting global trade and logistics, and with a view to facilitating importers, the Director General of Foreign Trade hereby extends the validity of TRQ Authorizations issued in the financial year 2025-26, for import of Gold… issued under the India-UAE CEPA, from the existing validity of March 31, 2026 up to June 30, 2026," a government public notice said.
The agreement came into force in 2022.
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.