The Indian government has made changes to the gold import policy to boost trade with the UAE, according to a local media report.
The Directorate General of Foreign Trade has allowed gold to be imported through India International Bullion Exchange IFSC Limited (IIBX) at a concessional import duty rate under tariff rate quota provisions of the Comprehensive Economic Partnership Agreement (CEPA), The Hindu Business Line newspaper reported.
The CEPA came into effect from May 2022.
The move will…
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