Govt Extends Gold Import License Validity Under India-UAE Trade Pact Amid West Asian Crisis

• Government extends validity of gold import licenses under India-UAE CEPA.
• Extension is until June 30, 2026, from the previous March 31, 2026.
• Decision made due to prevailing geopolitical developments and West Asian crisis.
• Aims to facilitate importers by providing quota-based duty concessions on gold imports.
• India-UAE comprehensive economic partnership agreement (CEPA) came into force in 2022.

Key Questions Answered

Why did India extend gold import TRQ validity under the UAE CEPA?

India extended the validity of TRQ licenses for gold imports under the India-UAE CEPA until June 30, 2026.

How does the India-UAE CEPA benefit gold importers?

The India-UAE CEPA allowed for tariff concessions on gold imports. Under the agreement, India provided a 1% customs duty concession on a fixed gold quota.

What is the new validity date for gold import licenses?

The validity date for gold import licenses under the India-UAE trade pact has been extended to June 30, 2026.