**Executive Summary**
This notification (No. 73/2025-26), issued by the Directorate General of Foreign Trade on March 31, 2026, amends Paragraph 4.43 of the Foreign Trade Policy (FTP) 2023. The amendment provides a one-time relaxation for the Gems and Jewellery sector to mitigate hardships caused by the geo-political crisis in West Asia. Specifically, it extends the deadline for zero-duty re-import of diamonds by 30 days for cases where the re-import period expires between March 01, 2026, and May 31, 2026.
**Key Points / Main Content**
**Scope and Eligibility**
* The amendment applies to exporters with an annual export turnover of at least Rs 5 crores for each of the last three years.
* It also applies to authorized offices or agencies in India of laboratories mentioned under paragraph 4.73 of the Hand Book of Procedures.
* The provision covers cut and polished diamonds with a minimum weight of 0.25 carats.
**Standard Re-import Provisions**
* Under normal rules, specified exporters may export cut and polished diamonds to authorized laboratories for grading with a re-import facility at zero duty.
* The standard timeframe for zero-duty re-import is within 3 months from the date of export.
* All re-imports are subject to guidelines issued by the Central Board of Customs & Excise, Department of Revenue.
**One-Time Relaxation Details**
* An automatic extension of 30 days is granted from the date of expiry for shipments whose re-import period ends between March 01, 2026, and May 31, 2026.
* This extension increases the total allowable re-import window from three months to four months for the specified period.
* The measure is designed to address logistical bottlenecks and transit delays arising from regional instability.
**Impact Analysis**
**Exporters of Cut and Polished Diamonds**
**Impact**
Eligible exporters benefit from an additional 30 days to re-import diamonds at zero duty, providing relief against logistical delays caused by the West Asia crisis.
**Action Required**
Exporters should identify shipments where the original three-month re-import window expires between March and May 2026 to ensure they utilize the automatic extension.
**Authorized Laboratories and Agencies**
**Impact**
These entities gain more flexibility in managing the return of graded diamonds to India without incurring additional duty costs for their clients.
**Action Required**
Update internal tracking systems to reflect the extended four-month window for qualifying shipments during the relaxation period.
**Customs and Revenue Authorities**
**Impact**
Authorities must recognize the automatic 30-day extension for qualifying shipments when assessing duty at ports of entry.
**Action Required**
Ensure that field offices and customs clearance systems are aligned with the revised timelines specified in this notification to prevent incorrect duty levies.
Key Entities Referenced
Foreign Trade Policy (FTP) 2023: The primary regulatory framework governing India's exports and imports, specifically amended in Para 4.43 to provide relaxation for the gems and jewellery sector.
Directorate General of Foreign Trade (DGFT): The primary regulatory authority under the Ministry of Commerce and Industry responsible for issuing and enforcing this trade notification.
Foreign Trade (Development & Regulation) Act, 1992: The parent legislation providing the statutory authority (specifically Sections 3 and 5) to the Central Government to regulate and amend trade policies.
West Asia: The geographic region central to the policy's applicability, as a geo-political crisis there necessitated these one-time relaxations for exporters.
Hand Book of Procedures: A supplementary policy document referenced regarding the authorization of laboratories and specific procedures for the re-import of polished diamonds.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-11042026-271743
xxxGIDHxxx
CG-DLxx-ExG-I1D1E0x4x2x0 26-271743
असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (ii)
PART II—Section 3—Sub-section (ii)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 1787] िई ददल्ली, िुिवार, अप्रलै 10, 2026/चत्रै 20, 1948
No. 1787] NEW DELHI, FRIDAY, APRIL 10, 2026/CHAITRA 20, 1948
वाजणज्य एव ं उद्योग मत्रं ालय
(वाजणज्य जवभाग)
(जवदेि व्यापार महाजिदेिालय)
अजधसचू िा
िई ददल्ली, 31 माच,च 2026
स.ं 73/2025-26
जवषय: जवदेि व्यापार िीजत (एफटीपी) 2023 के परै ा 4.43 म ेंरत्न और आभषू ण क्षत्रे के जलए एक-काजलक छूट म ेंसिं ोधि।
का.आ. 1856(अ).— समय-समय पर यथा संिोजधत जवदेि व्यापार िीजत (एफटीपी), 2023 के पैरा 1.02 के साथ
पठित जवदेि व्यापार (जवकास एवं जवजिमयि) अजधजियम, 1992 की धारा 5 के साथ पठित धारा 3 द्वारा प्रदत्त िजियों का
प्रयोग करत े हुए केन्द्र सरकार एतद्दवारा पजिम एजिया म ें चल रह े भू-राििीजतक संकट के कारण जियाचतकों के सामि े आ
रही कठििाइयों को कम करि ेके जलए िि जहत में एफटीपी 2023 के परै ा 4.43 म ेंसंिोधि करती ह।ै
मौिूदा पैरा 4.43 संिोजधत पैरा 4.43
जियाचतकताच (जपछले तीि वषों में से प्रत्येक के जलए 5 करोड़ जियाचतकताच (जपछल ेतीि वषों में से प्रत्येक के जलए 5 करोड़
रुपये के वार्षचक जियाचत कारोबार के साथ) या प्रदियाओं की रुपये के वार्षचक जियाचत कारोबार के साथ) या प्रदियाओं की
पुस्ट्तक के परै ा 4.73 के तहत उजल्लजखत प्रयोगिालाओं के पुस्ट्तक के परै ा 4.73 के तहत उजल्लजखत प्रयोगिालाओं के
2623 GI/2026 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
भारत में अजधकृत कायाचलय / एिेंजसयां जियाचत की तारीख भारत में अजधकृत कायाचलय / एिेंजसयां जियाचत की तारीख
से 3 महीिे के भीतर िून्द्य िल्ु क पर पिु : आयात सुजवधा के से 3 महीिे के भीतर िून्द्य िुल्क पर पिु : आयात सुजवधा के
साथ प्रदिया पुस्ट्तक के परै ा 4.73 के तहत उजल्लजखत दकसी साथ प्रदिया पुस्ट्तक के परै ा 4.73 के तहत उजल्लजखत दकसी
भी एिेंसी / प्रयोगिाला को कट और पॉजलि हीरे (प्रत्येक भी एिेंसी / प्रयोगिाला को कट और पॉजलि हीरे (प्रत्येक
0.25 कैरेट या उससे अजधक) का जियाचत कर सकते ह।ैं िून्द्य 0.25 कैरेट या उससे अजधक) का जियाचत कर सकते ह।ैं िून्द्य
िुल्क पर पिु : आयात की ऐसी सुजवधा केंरीय सीमा िुल्क िुल्क पर पिु : आयात की ऐसी सुजवधा केंरीय सीमा िुल्क
और उत्पाद िल्ु क बोडच, रािस्ट्व जवभाग द्वारा िारी और उत्पाद िल्ु क बोड,च रािस्ट्व जवभाग द्वारा िारी
ददिाजिदेिों के अध्यधीि होगी। ददिाजिदेिों के अध्यधीि होगी। तथाजप, एक बार की छूट
के रूप म,ें ऐसे मामलों में िहां पिु ः आयात अवजध 01 माच,च
2026 और 31 मई, 2026 के बीच समाप्त हो रही ह,ै ऐसी
पुिः आयात अवजध स्ट्वतः ही उसकी समाजप्त की तारीख से
30 ददिों तक बढ़ िाएगी।
इस अजधसचू िा का प्रभावः तरािे हुए और पॉजलि दकए गए हीरे के जियाचतकों की जवजिर्दचष्ट श्रेणी को अब माचच 01, 2026
और 31 मई, 2026 के भीतर पुिः आयात की तारीख वाल े जिपमेंट के जलए एफटीपी के पैरा 4.43 में िून्द्य-िुल्क पर पुिः
आयात सुजवधा का लाभ उिािे के जलए कुल चार महीिे (तीि महीिे के स्ट्थाि पर) जमलगें े। यह छूट मौिूदा क्षेत्रीय अजस्ट्थरता
से उत्पन्न होिे वाली लॉजिजस्ट्टक बाधाओं और पारगमि देरी को संबोजधत करिे के जलए प्रदाि की गई ह।ै
[फा. स. ं 01/61/180/116/एएम-26/पीसी-4]
लव अग्रवाल, महाजिदिे क जवदिे व्यापार एव ं पदेि अपर सजचव
MINISTRY OF COMMERCE AND INDUSTRY
(Department of Commerce)
(DIRECTORATE GENERAL OF FOREIGN TRADE)
NOTIFICATION
New Delhi, the 31st March, 2026
No. 73/2025-26
Subject: Amendment to Paragraph 4.43 of the Foreign Trade Policy (FTP) 2023-One-time relaxation for the
Gems and Jewellery Sector.
S.O. 1856(E).— In exercise of powers conferred 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:
Existing Para 4.43 Revised Para 4.43
An exporter (with annual export turnover of Rs 5 crores An exporter (with annual export tumover of Rs 5 crores
for each of the last three years) or the authorized for each of the last three years) or the authorized
offices/agencies in India of laboratories mentioned under offices/agencies in India of laboratories mentioned under
paragraph 4.73 of Hand Book of Procedures may export paragraph 4.73 of Hand Book of Procedures may export
cut & polished diamonds (each of 0.25 carat or above) to cut & polished diamonds (each of 0.25 carat or above) to
any of the agencies/laboratories mentioned under any of the agencies/laboratories mentioned under
paragraph 4.73 of Handbook of Procedures with re- paragraph 4.73 of Handbook of Procedures with re-
import facility at zero duty within 3 months from the date import facility at zero duty within 3 months from the date
of export. Such facility of re- import at zero duty will be of export. Such facility of re- import at zero duty will be
subject to guidelines issued by Central Board of Customs subject to guidelines issued by Central Board of Customs
& Excise, Department of Revenue. & Excise, Department of Revenue.[भाग II—खण् ड 3(ii)] भारत का रािपत्र : असाधारण 3
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
Effect 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
re- import falls within March 01, 2026 and May 31, 2026. This relaxation is provided to address logistical bottlenecks
and transit delays arising from the current regional instability.
[F. No. 01/61/180/116/AM26/PC-4]
LAV AGARWAL, Director General of Foreign Trade & Ex-officio Addl. Secy.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.