**Policy Summary:**
This notification, dated February 7, 2023, amends paragraph 4.42 of the Foreign Trade Policy 2015-2020. Issued by the Directorate General of Foreign Trade, Department of Commerce, Ministry of Commerce and Industry, the amendment adds Gemological Science International (GSI) Pvt. Ltd., Mumbai, Maharashtra, India, as an agency permitted to import diamonds for certification, grading, and re-export. This addition is inserted as serial no. 6 in para 4.42 of the Foreign Trade Policy, 2015-20. The notification is issued under Section 5 of the Foreign Trade Development and Regulation Act, 1992. For further information, contact the Director General of Foreign Trade at dgft@nic.in, referencing File No. 01/94/180/087/AM21/PC4.
Key Entities Referenced
Foreign Trade Policy 2015-20: A government policy related to foreign trade, which is being amended in the notification.
Gemological Science International GSI Pvt. Ltd., Mumbai, Maharashtra, India: A gemological laboratory located in Mumbai, Maharashtra, India. It is being added to the list of agencies permitted to import diamonds for certification, grading, and re-export.
Ministry of Commerce and Industry: The Indian government ministry responsible for formulating and implementing foreign trade policy.
Directorate General of Foreign Trade: An attached office of the Ministry of Commerce and Industry responsible for implementing the Foreign Trade Policy.
Foreign Trade Development and Regulation Act, 1992: An act of the Parliament of India that provides the legal framework for foreign trade.
New Delhi: The location from which the notification was issued. New Delhi is the capital of India.
Santosh Kumar Sarangi: Director General of Foreign Trade and Ex-officio Secretary, Government of India.
Vanijya Bhawan: The location of the Directorate General of Foreign Trade.
[To be Published in the Gazette of India Extraordinary Part-II, Section -3, Sub-section (ID]
Government of India
Ministry of Commerce and Industry
Department of Commerce
Directorate General of Foreign Trade
Vanijya Bhawan
Notification No. 56 / 2015-2020
New Delhi, Dated 7TM February 2023
Subject: Addition of Gemological Science International (GSI) Pvt. Ltd., Mumbai,
Maharashtra, India in Para 4.42 of Foreign Trade Policy (2015-20)
S$.0.(E): In exercise of powers conferred by Section 5 of Foreign Trade (Development and
Regulation) Act, 1992, read with Paragraph 1.02 of the Foreign Trade Policy, 2015-20, as
amended from time to time, the Central Government hereby notifies the following
amendment in paragraph 4.42 of Foreign Trade Policy, 2015-20:
The following entry is inserted at serial no. (6) in para 4.42 of Foreign Trade Policy, 2015-20:
“(6) Gemological Science International (GSI) Pvt. Ltd., Mumbai, Maharashtra, India.”
Effect of this Notification:
Gemological Science International (GSI) Pvt. Ltd., Mumbai, Maharashtra, India is
added as an agency permitted to import diamonds for certification / grading & re-export.
(Santosh Kumar Sarangi)
Director General of Foreign Trade
Ex-officio Secretary, Government of India
E-mail: dgft@nic.in
(Issued from File No. 01/94/180/087/AM21/PC-4)