The government on Tuesday extended the validity of licences issued for import of gold at quota-based duty concession under a free trade pact with the UAE till 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 Authorisations 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 pact came into force in 2022.
ALSO READ: Gold Slips Into Bear Market, But Bulls Still Eye $10,000 Target
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.