New Delhi, Nov. 3 -- The directorate general of foreign trade (DGFT) has revised procedures for allocating tariff rate quotas for gold imports under the India-UAE comprehensive economic partnership agreement (CEPA), introducing new eligibility criteria and shifting to a competitive online bidding system.

Under the new conditions, applicants seeking tariff rate quotas (TRQ) for gold imports must now be registered with the Bureau of Indian Standards (BIS) for hallmarking and also hold a valid GST registration.

The DGFT has reiterated that the import of gold dore (semi-pure gold alloy) under the TRQ route will not be allowed, a restriction that continues from the previous framework.

As per the DGFT notification, the allocation of gold imp...