Question
According to the RBI's circular on the import of gold
by Tariff Rate Quota (TRQ) holders, how does the bilateral agreement under the India-UAE Comprehensive Economic Partnership Agreement (CEPA) affect gold imports concerning duty-free limits?Solution
The "Guidelines on Import of Gold by TRQ Holders" state that under the India-UAE CEPA, the agreement sets a cap on the amount of gold that can be imported under preferential tariffs, governed by TRQ limits.
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