Latest News | Malabar Gold and Diamonds Gets TRQ License for Gold Import Through IIBX

Mumbai, May 19 (PTI) Malabar Gold and Diamonds on Friday said it has obtained a TRQ (Tariff Rate Quota) license from the Director General of Foreign Trade (DGFT).

TRQ will help Malabar Gold and Diamonds in importing gold through the IIBX, under the India-UAE Comprehensive Economic Partnership Agreement (CEPA), at reduced duty rates, the company said in a statement.

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"This will further strengthen our mission - 'Make in India Market to the World'. The TRQ license will also pave the way for us to become the number one jewellery group in the world," Malabar Group Chairman MP Ahammed said.

Malabar Gold and Diamonds is the first jeweller in India to introduce 100 per cent HUID hallmarking in jewellery, the statement added.

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It currently has 315 showrooms and 14 jewellery manufacturing factories in 10 countries.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)