DGFT Issues Procedure for Filing TRQ Applications for Gold Bullion Imports Under India-UAE CEPA for FY 2025-26

By: AdminFebruary 12, 2025Categories: DGFT | Notification and Circular4 Min Read

The Directorate General of Foreign Trade (DGFT) has released Trade Notice No. 30/2024-2025 on February 12, 2025. This notice details the procedure for filing applications for the Tariff Rate Quota (TRQ) allocation for gold bullion imports under the India-UAE Comprehensive Economic Partnership Agreement (CEPA) for FY 2025-26.

Key Highlights of the Notification

Application Deadline

The deadline for submitting TRQ applications under India-UAE CEPA for FY 2025-26 is February 28, 2025. Applicants must ensure timely submission to be considered for allocation.

Purpose of Import

When applying for TRQ, importers must specify their intended purpose. They can choose one of the following categories:

  • Manufacturing
  • Trading Purposes
  • Both Manufacturing and Trading

Turnover Details Requirement

Applicants must submit turnover details for manufactured or traded goods classified under HS Codes 7108, 7113, 7114, and 7118 (Chapter 71 of ITC HS Code). The required documents include:

  • Format A: Turnover details for the past three years.
  • Format B: Turnover details for the current financial year (FY 2024-25).
  • Financial statements certified by a Chartered Accountant based on GST filings.

TRQ Allocation and Review Process

The total TRQ allocation is 180 MT, which the Special Empowered Financial Committee (EFC) will decide in its first meeting. The following review measures apply:

  • A six-monthly review will assess TRQ utilization.
  • If an applicant utilizes ≤25% of their TRQ, 50% of the remaining quota will be reallocated to other applicants.
  • TRQ utilization will be monitored using Bills of Entry records maintained in the DGFT online repository.

Amendments to Existing Applications

Applicants who have already submitted their applications can make amendments to include the required turnover details. They must update their submissions within the specified timeframe to remain eligible.

Conclusion

This notification aims to streamline the TRQ allocation process for gold bullion imports under India-UAE CEPA. It also ensures that import quotas are efficiently utilized. All stakeholders in the gold import industry must comply with these updated guidelines to facilitate smooth trade operations.

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