Government doubled basic customs duty on gold to 10% and raised AIDC to 5%, lifting effective duty to 18.45% from 9.18%. Jewellery exporters face working-capital strain as Advance Authorisation licences are capped at 100 kg, while UAE CEPA's 200-tonne TRQ at 1% concession gains relative edge.

Financial Express · BrandWagon · 5/15/2026, 8:14:09 PM