IIBX issued a notification regarding Application Processing Fees and Annual Fees for India UAE TRQ Holders

Jan 18, 2024 | by TeamLease RegTech Legal Research Team

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Industry Specific ComplianceThe India International Bullion Exchange (IFSC) Limited (IIBX) on January 17, 2024, issued a notification regarding Application Processing Fees and Annual Fees for India -UAE TRQ Holders.

Valid India-UAE TRQ holders are drawn to Exchange notice regarding the Standard Operating Procedure for onboarding valid India-UAE TRQ holders to import UAEGD Gold under the India-UAE CEPA on India International Bullion Exchange IFSC Limited (IIBX). 

The valid India-UAE TRQ holder applicants may note that below mentioned fees would be applicable:

  • Application Processing Fees is 500 USD
  • Annual Fees 500 USD

Annual Fees would be collected from IFSCA-notified “India-UAE TRQ Holders” from the Financial Year after the Financial Year in which the Application Processing Fees are collected.

 

[Notification No.20240117-2]


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