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.