Economics · Foreign Trade Policy
Consider the following statements regarding the gold import quota under the India–UAE Comprehensive Economic Partnership Agreement (CEPA): I. The Directorate General of Foreign Trade (DGFT) allocates the gold import quota under the India–UAE CEPA using the Tariff Rate Quota (TRQ) mechanism. II. Imports of gold beyond the specified TRQ quota automatically attract a complete import ban under India's foreign trade policy. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I only✓
- 2II only
- 3Both I and II
- 4Neither I nor II
Correct answer
I only
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