India-UAE CEPA gold quota route stalls as DGFT court cases freeze preferential imports
Preferential gold import channel under India-UAE CEPA remains virtually shut due to litigation over DGFT quota allocation, even as Centre doubled gold/silver duty to 15%. FY26 TRQ collapsed to 8.58 tonnes vs 140 tonnes in FY25. Jewellery retailers face supply pressure entering wedding season; UAE flows continue via normal 15% duty route.
India-UAE CEPA gold import quota route is virtually closed due to court cases over DGFT quota allocation, even as the Centre doubled gold/silver duty to 15%. Gold still flows from UAE via normal channels, impacting jewellery retailers ahead of wedding season.