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Corporate Laws Central Ministry of Finance International Financial Services Centres Authority Act, 2019

Import of UAEGD Gold through IIBX by valid India-UAE TRQ holders

03-May-2024 | 329/IFSCA/Bullion MIIs/2024-25/03

International Financial Services Centre has issued circular on Import of UAEGD Gold through IIBX by valid India-UAE TRQ holders. By virtue of the circular, it is hereby clarified that IFSCA's notification of an entity as a valid India-UAE CEPA TRQ holder shall remain valid for the subsequent financial year(s), subject to the following conditions: a) It has been allotted TRQ license/authorization by the DGFT for that financial year, and b) It has been continually allotted TRQ license/authorization (i.e. every year or as per any other frequency at which DGFT may issue TRQ license/authorization) by the DGFT since it was originally notified by the IFSCA as a valid India-UAE CEPA TRQ holder. The IIBX, prior to granting permission to an already notified valid India-UAE CEPA TRQ holder to import UAEGD gold under the India-UAE CEPA through it, shall ensure that such holder submits to it a copy of the newly issued TRQ license/authorization as issued by DGFT, which shall then be forwarded to the IFSCA.

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