Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
DGFT Mandates BIS Hallmarking & GST Registration for Gold Bullion TRQ Imports under India–UAE CEPA
The Directorate General of Foreign Trade (DGFT) mandated BIS hallmarking and GST registration for importers of gold bullion under the India–UAE Comprehensive Economic Partnership Agreement (CEPA) through Tariff Rate Quota (TRQ) allocations. The move aims to strengthen traceability, quality assurance, and tax compliance in the gold import ecosystem. The circular ensures only registered traders with verified credentials can avail TRQ benefits, reducing misuse and underreporting. The notification reinforces the government’s effort to align gold imports with international trade standards while curbing tax evasion. The initiative also fosters consumer trust through hallmark-certified gold and creates greater transparency between trade and taxation frameworks under CEPA provisions.