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    Question

    In the IFSCA Circular (May 2024) regarding the import of

    UAE Good Delivery (UAEGD) Gold through IIBX, what is the condition for maintaining valid India-UAE CEPA TRQ holder status for future financial years?
    A Renewal of a TRQ license/authorization from the Directorate General of Foreign Trade (DGFT) Correct Answer Incorrect Answer
    B Submitting a monthly compliance report to the IIBX Correct Answer Incorrect Answer
    C Completion of all gold import transactions within the current financial year Correct Answer Incorrect Answer
    D Receiving certification from a UAE refinery Correct Answer Incorrect Answer
    E Passing an annual audit by IFSCA Correct Answer Incorrect Answer

    Solution

    The circular specifies that to maintain TRQ holder status, an entity must receive a renewed TRQ license/authorization from DGFT for the respective financial year.

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