India Seeks to Reevaluate India-UAE Trade Pact Amid Concerns Over Precious Metal Imports
The Indian government is pushing for revisions to the India-UAE Free Trade Agreement, following recommendations from the Global Trade Research Initiative (GTRI) to withdraw duty concessions on precious metals and jewellery
The government permits banks to import gold from the UAE with reduced import duties
Indian banks have been given permission to import gold from the UAE at a discounted duty rate under the countries' FTA, according to government officials
Malabar Gold and Diamonds becomes the first jewellery group in India to obtain TRQ license
TRQ will help the group in importing gold through the IIBX under India-UAE Comprehensive Economic Partnership Agreement(CEPA) at reduced duty rates with convenience and transparency.
India is set to import 140 metric tons of gold from the UAE
India has taken a strategic step to promote business in its gems and jewellery industry by prioritizing the import of 140 metric tons of gold from the UAE at a reduced rate for 2023-24.
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