The India International Bullion Exchange IFSC (IIBX) on May 08, 2024, notified regarding the Import of UAEGD Gold through IIBX by valid India-UAE TRQ holders notified by IFSCA during FY 2023-24.
The following has been stated namely: -
• This is with reference to IFSCA circular no. 329/IFSCA/Bullion MIIs/2024-25/03 dated May 03, 2024, https://ifsca.gov.in/Viewer?Path=Document%2FLegal%2Fcircular-import-of-uaegd-gold-through-iibx-by-valid-india-uae-trq-holders04052024123526.pdf&Title=Import%20of%20UAEGD%20Gold%20through%20IIBX%20by%20valid%20India-UAE%20TRQ%20holders&Date=04%2F05%2F2024, as per this circular a valid India-UAE CEPA TRQ holder, same shall remain valid for the subsequent financial year(s) as well subject to the fulfilment of the conditions given in the referred IFSCA circular.
• It mentions that the valid India-UAE CEPA TRQ holders notified by IFSCA during FY 2023-24 shall continue participation in the import of UAEGD gold under India-UAE CEPA through IIBX by submitting a letter to IIBX in the format enclosed as Annexure A along with the copy (duly certified by the authorised signatory) of the new valid Tariff Rate Quota (TRQ) authorisation/license issued by the Director General of Foreign Trade (DGFT).
• It also mentions that the copy of new valid TRQ authorisation/license shall be uploaded in the online Membership portal of IIBX or forwarded to IIBX vide email to [email protected], and the original letter alongwith with the enclosure, is to be sent separately to IIBX registered address.
Kindly refer to the attached document for more details of Annexure A.
[Circular no . - 20240508-5]
