Gold imports under India, UAE FTA quota reman modest: Official
NEW DELHI: (May 14) The utilisation of concessional duty quota for gold imports from the UAE under a free trade agreement with India has remained modest, an official said on Thursday.
Under the India-UAE comprehensive economic partnership agreement (CEPA), a Tariff Rate Quota (TRQ) mechanism was put in place for the import of gold bullion at a concessional rate of duty (a 1 per cent concession over the prevailing customs duty).
The pact came into force on May 1, 2022.
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