Gold Bullion Import Quota: New Rules for TRQ Allocation Require Certified Turnover Data and Financial Statements Under CEPA

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....Ministry of Commerce & Industry established procedures for Tariff Rate Quota (TRQ) allocation of Gold Bullion under India-UAE CEPA for FY 2025-26. Applicants must submit detailed turnover data for manufacturing and trading activities under specified HS Codes (7108, 7113, 7114, 7118) by 28.02.2025. Financial statements require CA certification based on GST filings. Special EFC will determine allocation modalities for 180MT quota based on submitted information. TRQ allocation subject to bi-annual review per PN 12/2023. Previously submitted applications can be amended to include new requirements. System implements strict compliance monitoring for proper TRQ utilization.....