Summary
- The Directorate General of Foreign Trade (DGFT) has amended Paragraph 4.49 of the Foreign Trade Policy (FTP), 2023, regarding rough diamond trading in Special Notified Zones (SNZs).
- This amendment, effective from 9 October 2026, allows eligible foreign entities to import, auction, sell, and re-export rough diamonds under Customs supervision.
- Eligible entities include foreign companies involved in diamond mining and related brokers or auction entities as per Entry 13F of Schedule IV of the Income-tax Act, 2025.
- This change aims to streamline rough diamond transactions and enhance participation by foreign players in India's diamond market.
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