Malabar Gold becomes the first jeweller to import gold under India
The Comprehensive Economic Partnership Agreement (CEPA) between India and the UAE allows for the importation of gold, and Malabar Gold and Diamonds is the first jeweller in India to do so. The Kozhikode-based jewellery retail business, which is well-known in West Asia and India and is benefiting from a 1% tariff cut under the bilateral trade agreement, got things started by bringing in 25 kg of gold through ICICI Bank. Let’s explore the notification in detail. Malabar Gold becomes the first jeweller to import gold under India Malabar Gold and Diamonds has become the first jeweller in India to import gold under the Comprehensive Economic Partnership Agreement (CEPA) between India and the UAE. The Kozhikode-based jewellery retail business, which is well-known in West Asia and India and is benefiting from a 1% tariff cut under the bilateral trade agreement, got things started by bringing in 25 kg of gold through ICICI Bank. As a result of the import, the jewellery retail chain i...