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The Directorate General of Foreign Trade sets the procedure for filing applications for Tariff Rate Quota allocation of gold bullion under the India-UAE Comprehensive Economic Partnership Agreement for the financial year 2025-2026. Applicants must submit their applications by 28 February 2025. Applicants must indicate the import purpose as manufacturing, trading, or both. Applicants must provide turnover details for specific HS codes certified by a Chartered Accountant. Already submitted applications are open for amendment to add these details. The Special Economic Facilitation Committee decides the allocation of 180 metric tonnes. TRQ allocations face a six-monthly review based on Bills of Entry. Allottees surrender fifty percent of balance quantities if utilisation is twenty-five percent or lower.
What you must do
Key dates
Who is affected
Thresholds
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Ask about this trade notice
Government of India Ministry of Commerce & Industry Department of Commerce Vanijya Bhawan, New Delhi Trade Notice No. 30/2024-2025
To,
Dated: 12.02.2025
Subject – Procedure for filing application for allocation of Tariff Rate Quota (TRQ) of Gold Bullion under India-UAE CEPA for FY 2025-26
Reference is invited to Annexure-IV of Appendix-2A concerning the import of items under the TRQ of India-UAE CEPA. It is reiterated that the last date for submitting applications for TRQ under the India-UAE CEPA for FY 2025-26 for import of gold bullion is 28.02.2025.
A. For the past 3 years ( FY 2021-22, FY 2022-23, FY 2023-24):
| Sr No. | Nature of the sale | Turnover (₹ Lakhs.) in FY 2021-22 | Turnover (₹ Lakhs.) in FY 2022-23 | Turnover (₹ Lakhs.) in FY 2023-24 | Total Turnover (₹ Lakhs.) since FY 2021-22 |
|---|---|---|---|---|---|
| I | II | III | IV | V | VI |
| 1 | Manufacturing (of goods falling under HS Codes 7113, 7114, and 7118) |
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| 2 | Trading (of goods falling under HS Codes 7108, 7113, 7114, and 7118) |
B. For current financial year (FY 2024-25):
| Sr No. | Nature of the sale | Turnover (₹ Lakhs.) in FY 2024-25 |
|---|---|---|
| I | II | III |
| 1 | Manufacturing (of goods falling under HS Codes 7113, 7114, and 7118) | |
| 2 | Trading (of goods falling under HS Codes 7108, 7113, 7114, and 7118) |
Note: Applicants must enter the relevant turnover details in the online application as per the table above and ensure its submission as part of their online filing.
The applications, which have been already submitted, will be made available to the applicants for amendment to add above-mentioned details in the applications.
The modalities of allocation of 180MT shall be decided by the Special EFC in its first meeting based on the information and details available before the committee.
The TRQ allocation shall be subject to a 6-monthly review as notified vide Public Notice No. 12 dated 28.04.2023. In cases where the TRQ utilisation is found to be <=25% in the said review process, 50% of the balance TRQ quantities shall be deemed to be considered as surrendered and shall be considered for re-allocation to other TRQ Allottees. The records pertaining to TRQ utilisation shall be assessed based on the Bills of Entry as maintained within the Directorate General of Foreign Trade (DGFT) online repository.
This is issued for information and compliance by all stakeholders involved in TRQ import activities.
[Image omitted. See the official document.] (Deepak Jhalani) Deputy Director General of Foreign Trade Email – deepak.jhalani@gov.in
(Issued from File No. 01/89/180/89/AM-24/PC-2(A)E-42042)
