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Khaleej Times
20-05-2025
- Business
- Khaleej Times
India implements stricter rules for gold, silver imports from UAE
India has enforced restrictions on gold and silver imports from UAE under the Comprehensive Economic Partnership Agreement (CEPA) between the two countries, according to Indian media reports. The restrictions apply to import of the precious metals in unwrought, semi manufactured and powdered form. The imports will be allowed only through nominated agencies, qualified jewellers and valid tariff rate quota holders under the CEPA, according to Indian media reports. This move follows some importers passing off 99 per cent gold shipments as platinum alloy, to benefit from lower duty rates. To prevent this malpractice, authorities have introduced distinct Harmonised System (HS) tariff codes for platinum containing 99 per cent or more pure platinum, according to Indian media reports, along with gold dore and silver dore. After the signing of India-UAE CEPA, the trade between the two countries rose from $20.88 billion in 2022 to $28.15 billion in 2024, accounting a growth of around 35 per cent.
Bloomberg
17-05-2025
- Business
- Bloomberg
Turkey's Celebi Says It's Cooperating After India Revokes Clearance
Turkish company Çelebi Aviation said on Saturday it's 'fully cooperating' with Indian authorities and adhering to regulations after its ground handling and cargo warehouse operations were suspended due to national security concerns. 'We are closely monitoring the situation and cooperating fully with the relevant authorities,' Çelebi said in a statement. 'We are following the process diligently and within the legal framework, in close cooperation with the relevant local authorities. To date, all our operations have been carried out in full compliance with regulations.'
The National
09-05-2025
- Sport
- The National
PSL moved to UAE with India cricket to make 'final decision' on IPL
Pakistan cricket authorities accuse India of 'deliberate attempt' to target players following drone strike near Rawalpindi stadium
