New Delhi: The utilisation of concessional duty quota for gold imports from the UAE under a free trade agreement with India has remained modest, an official said on Thursday.
Under the India-UAE comprehensive economic partnership agreement (CEPA), a Tariff Rate Quota (TRQ) mechanism was put in place for the import of gold bullion at a concessional rate of duty (a 1 per cent concession over the prevailing customs duty).
