Gold Import Relief

The Government of India has extended the validity of Tariff Rate Quota (TRQ) licences for gold imports under the India–United Arab Emirates Free Trade Agreement (FTA) until September 30. The extension applies to all importers who have already received TRQ licences for the 2025–26 financial year. The Directorate General of Foreign Trade (DGFT) clarified that no separate application or composition fee is required for the extension.

Under the FTA, eligible licence holders can import up to 200 metric tonnes of gold annually at a concessional customs duty of just 1%. India imported gold worth USD 15.4 billion from the UAE during 2025–26, which is around 9% lower than the USD 16.83 billion imported in the previous financial year.