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[Tob e Published in the Gazette of India Extraordinary Part-i, Section-3, Sub
Section (i))
Govemment of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Notification No.73/2025-26
New Delhi, Dated: March 3 |2026
Subject: Amendment to Paragraph 4.43 of the Foreign Trade Policy (FTP)
2023 -One-time relaxation for the Gems and Jewellery Sector.
S.o.(E): n exercise of powers confered by Section 3 read with Section 5 of the
Foreign Trade (Development & Regulation) Act, 1992, as amended, read with
Paragraph 1.02 of the Foreign Trade Policy (FTP) 2023,as amended time to time,
the Central Government hereby makes the following amendment in Para 4.43 of
FTP 2023, in public interest, to mitigate the hardships faced by exporters due to the
ongoing geo-political crisis in West Asia:
ExXisting Para 4.43 Revised Para 4.43
An exporter (with annual export turnover An exporter (with annual export
of Rs 5 crores for each of the last three turnover of Rs 5 crores for each of
years) or the authorized officeslagencies the last three years) or thel
lin India of laboratories mentioned under authorized offices/agencies in India
paragraph 4.73 of Hand Book of |of laboratories mentioned under
Procedures may export cut & polished paragraph 4.73 of Hand Book of
diamonds (each of 0.25 carat or above) Procedures may export cut &
to any of the agencies/laboratories polished diamonds (each of 0.25
mentioned under paragraph 4.73 of carat or above) to any of the
Handbook of Procedures with re-import agencies/laboratories mentioned
facility at zero duty within 3 months from under paragraph 4.73 of Handbook
the date of export. Such facility of re of Procedures with re-import facility
import at zero duty willb e subject to Jat zero duty within 3 months from the
guidelines issued by Central Board of date of export. Such facility of re
Customs & Excise, Department of import at zero duty will be subject to
Revenue. guidelines issued by Central Board
of Customs & Excise, Department of
Revenue.
|However, as a one-time relaxation, in
cases where the re-import period is
expiring on or between March 01,
2026 and May 31, 2026, such re
|import period shall automatically
stand extended by 30 days from the
date of its expiry.
Efect of this Notification: Specified category of Exporters of cut and polished
diamonds will now have a total of four months (instead of three months) to avail
zero-duty re-import facility in Para 4.43 of FTP for shipments whose date of reimport falls within March 01, 2026 and May 31, 2026. This relaxation is provided to
address logistical botlenecks and transit delays arising from the current regional
instability
(Lav Agarwal)
Directorate General of Foreign Trade &
Ex-officio Additional Secretary to the Government of India
(File No. 01/94/180/116/AM26/PC-4)