N 25/2025

To be published in Gazette of India Extraordinary Part-II, Section-3, Sub-section (II)

Government of India

Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Vanijya Bhawan, New Delhi Notification No. 2 5 /2025-26 New Delhi, Dated: |“ August 2025

Subject: Amendment to Para 4.61 and Para 4.63 of FTP-2023-reg

In exercise of powers conferred by Section 3 and Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with paragraph 1.02 of the Foreign Trade Policy, 2023 (as amended from time to time), the Central Government hereby amends Para 4.61 and Para 4.63 of FTP2023, with immediate effect, as under:

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----- Start of picture text -----<br> Para ea .<br>An exporter with a Two Star Export House | An exporter with a Two Star Export House<br>status or above, and having achieved a|status or above, and having achieved a<br>minimum export performance of US$ 15|minimum export performance of US$ 15<br>million in Cut & Polished Diamonds each| million in Cut & Polished Diamonds each<br>year for the past three financial years and year for the past three financial years and<br>having filed all GST and Income Tax returns| having filed all GST and Income Tax returns<br>for those years, may be granted a Diamond| for those years, may be granted a Diamond<br>Imprest Authorization. This authorization| Imprest Authorization. Chartered<br>allows the import ofNatural Cut & Polished | accountant certificate may be submitted in<br>Diamonds up to 5% of the average annual|case ITR of the preceding year is not<br>export performance of Cut & Polished] finalized.

atural Cut & Polished | accountant certificate may be submitted in<br>Diamonds up to 5% of the average annual|case ITR of the preceding year is not<br>export performance of Cut & Polished] finalized. However, the same shall be<br>Diamonds over the previous three financial |submitted by 31°' December of the<br>years subject to a maximum value of US$} application year. This authorization allows<br>15 million. the import of Natural Cut & Polished<br>Diamonds up to 5% of the average annual<br>export performance of Cut & Polished<br>Diamonds over the previous three financial<br>years subject to a maximum value of US$<br>15 million.<br>4.63 |Imports under Diamond Imprest}Imports under Diamond Imprest<br>Authorisation are exempted from payment | Authorisation are exempted from payment<br>ofBasic Customs Duty, Additional Customs| ofBasic Customs Duty, Additional Customs<br>Duty, Education Cess, Anti- dumping Duty, Duty, Education Cess, Anti- dumping Duty,<br>Countervailing Duty, Safeguard Duty, | Countervailing Duty, Safeguard Duty,<br>----- End of picture text -----<br>

|Par.|||||
|---|---|---|---|---|
||Transition<br>Product<br>Specific<br>Safeguard|Transition|Product|Specific|Safeguard|
||Duty, wherever applicable. Such, imports|Duty,whereverapplicable.||||
||are<br>also<br>exempt<br>from<br>whole<br>of<br>the||||
||Integrated Tax and Compensation<br>Cess||||
||leviable under sub-section (7) and sub-||||
||section (9) respectively, ofsection 3 ofthe||||
||CustomsTariffAct,1975(51of1975).||||

<br>the|||| ||Integrated Tax and Compensation<br>Cess|||| ||leviable under sub-section (7) and sub-|||| ||section (9) respectively, ofsection 3 ofthe|||| ||CustomsTariffAct,1975(51of1975).||||

Effect of the Notification: The import under DIA shall be exempted from Basic Customs Duty, Additional Customs Duty, Education Cess, Anti- dumping Duty, Countervailing Duty, Safeguard Duty, Transition Product Specific Safeguard Duty, wherever applicable. Exemption from whole of the Integrated Tax and Compensation Cess is not provided. Flexibility has been introduced by permitting submission of a Chartered Accountant certificate in place of the latest Income Tax Return, if it is not yet filed, with the condition that the proof of submission of said ITR must be submitted by 31 December of the application year. 

This issues with the approval of the Minister of Commerce & Industry. 

(Ajay Bhadoo) Director General of Foreign Trade & Addl. Secretary to the Government of India e-mail: dgft@nic.in 

(Issued from File No. 01/94/180/152/AM20/PC-4)