Effect to first tranche of India UAE CEPA - Enable TRQ holders to import gold through IIBX under TRQ mechanism of India-UAE CEPA - Seeks to amend notification No. 22/2022-Customs, dated 30.04.2022. - 43/2022 - Customs -Tariff
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Tariff rate quota import eligibility via IIBX: requires nominated agency IEC and GSTIN of the jewellery manufacturer. The notification permits TRQ holders to import gold through the India International Bullion Exchange under the TRQ mechanism by substituting Condition No. 2: the IEC in the TRQ must be that of nominated agencies notified by RBI, DGFT, or IFSCA (for qualified jewellers via IIBX), and TRQ authorizations must include the GSTIN of the jewellery manufacturer. Imports must follow the Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tariff rate quota import eligibility via IIBX: requires nominated agency IEC and GSTIN of the jewellery manufacturer.
The notification permits TRQ holders to import gold through the India International Bullion Exchange under the TRQ mechanism by substituting Condition No. 2: the IEC in the TRQ must be that of nominated agencies notified by RBI, DGFT, or IFSCA (for qualified jewellers via IIBX), and TRQ authorizations must include the GSTIN of the jewellery manufacturer. Imports must follow the Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017.
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