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Gold import under CEPA
November 8 , 2022
641 days
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- Malabar Gold & Diamonds, is the first jeweller to import 25 kg of gold as part of the Comprehensive Economic Partnership Agreement (CEPA) between India and the UAE.
- According to the arrangement, the gold was imported through ICICI Bank with a 1% duty rebate.
- For the first time in India, the firm has successfully utilised the duty benefits of the agreement for both import and export.
- The 5% import charge into the UAE has been waived as per the agreement.
- The CEPA between India and the UAE came into force on May 1, 2022.
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