Executive Summary:
This notification from the Ministry of Commerce and Industry amends paragraph 4.44 of Chapter 4 of the Foreign Trade Policy (FTP) 2015-2020. The amendment concerns the export of cut and polished diamonds with a re-import facility at zero duty. It expands the eligibility for this facility to include authorized offices/agencies in India of specified laboratories. The notification is effective as of February 22, 2017.
Key Points / Main Content:
Amendment to Foreign Trade Policy 2015-2020:
* Paragraph 4.44 of Chapter 4 of the Foreign Trade Policy (FTP) 2015-2020 is amended.
Export/Import of Cut and Polished Diamonds:
* The policy concerns the export of cut and polished diamonds (each of 0.25 carats or above) with a re-import facility at zero duty within 3 months from the export date.
Eligibility for Zero Duty Re-import Facility:
* Previously, eligibility was limited to exporters with an annual export turnover of Rs. 5 crores for each of the last three years.
* Eligibility is now extended to authorized offices/agencies in India of laboratories mentioned under paragraph 4.74 of Handbook of Procedures 2015-20.
Conditions:
* The zero-duty re-import facility is subject to guidelines issued by the Central Board of Customs and Excise, Department of Revenue.
Impact Analysis:
Exporters of Cut and Polished Diamonds:
Impact: Broadens the scope of eligible exporters to include authorized Indian offices/agencies of specified laboratories, potentially increasing export opportunities.
Action Required: Be aware of the revised eligibility criteria for the zero-duty re-import facility and comply with the guidelines issued by the Central Board of Customs and Excise.
Authorized Offices/Agencies of Specified Laboratories in India:
Impact: Can now export cut and polished diamonds under the zero-duty re-import facility, enabling certification and grading activities.
Action Required: Familiarize themselves with the conditions and guidelines for utilizing the zero-duty re-import facility and comply with the requirements of the Central Board of Customs and Excise.
Central Board of Customs and Excise, Department of Revenue:
Impact: Responsible for issuing guidelines related to the zero-duty export and re-import of cut and polished diamonds.
Action Required: Ensure the issuance of clear guidelines for the implementation of the amended policy.
Key Entities Referenced
Foreign Trade Policy 2015-2020: A policy document related to foreign trade, which is being amended in the notification.
Foreign Trade (Development and Regulation) Act, 1992: The Act that empowers the Central Government to make amendments to the Foreign Trade Policy.
Central Government: The governing body responsible for amending the Foreign Trade Policy.
Handbook of Procedures: A document referenced in the notification, specifically paragraph 4.74, related to agencies/laboratories for diamond export/import.
Central Board of Customs and Excise, Department of Revenue: The entity that issues guidelines related to zero duty re-import of cut and polished diamonds.
Ajay Kumar Bhalla: Director General of Foreign Trade.
Directorate General of Foreign Trade: The issuing authority for the notification regarding amendments to the Foreign Trade Policy.
New Delhi, Delhi: The location from which the notification was issued.
jftLVªh laö Mhö ,yö&33004@99 REGD. NO. D. L.-33004/99
vlk/kj.k
EXTRAORDINARY
Hkkx II—[k.M 3—mi&[k.M (ii)
PART II—Section 3—Sub-section (ii)
izkf/dkj ls izdkf'kr
PUBLISHED BY AUTHORITY
la- 533] ubZ fnYyh] cq/okj] iQjojh 22] 2017@iQkYxqu 3] 1938
No. 533] NEW DELHI, WEDNESDAY, FEBRUARY 22, 2017/PHALGUNA 3, 1938
Okkf.kT; vkSj m|ksx ea=ky;
¼Okkf.kT; foHkkx½
vf/klwpuk
ubZ fnYyh] 22 Qjojh] 2017
la- 39@2015&2020
fo"k;%& fons'k O;kikj uhfr ¼,QVhih½ 2015&20 ds v?;k; 4 ds iSjk 4-44 esa la'kks/kuA
dk-vk- 596¼v½-—le;≤ ij ;Fkk l'a kkfs/kr fon's k O;kikj uhfr] 2015&2020 d s iSjk 1-02 d s lkFk ifBr fon's k
O;kikj ¼fodkl ,o a fofu;eu½ vf/kfu;e] 1992 dh /kkjk 5 }kjk iznÙk 'kfDr;k sa dk iz;kxs djr s gq, dUs nz ljdkj ,rn~}kjk
fon's k O;kikj uhfr] 2015&20 d s v/;k; 4 d s iSjk 4-44 e sa fuEufyf[kr l'a kk/s ku djrh gSA
1- fon's k O;kikj uhfr 2015&20 dk ektS nw k iSjk 4-44 bl idz kj g%S
4-44 'kwU; 'kqYd ij iqu% vk;kr dh lqfo/kk ds lkFk rjk'ks vkSj ikfy'k fd, x, ghjksa dk fu;kZr
^^,d fu;kZrd ¼ftldk xr rhu o"kksZ a e sa l s iRz ;ds e sa 5 djkMs + #å d s fu;kZr dk okf"kZd dkjkcs kj gk½s ifzØ;k
iqLrd d s iSjk 4-74 e sa mfYyf[kr fdlh Hkh vfHkdj.k@iz;kxs 'kkyk dk s rjk'k s g,q vkSj ikfy'k fd, x, ghj s
¼izR;ds 0-25 dSjVs vFkok vf/kd½ dk fu;kZr dj ldrk gS ftle sa fu;kZr dh frfFk l s 3 ekg dh vof/k d s
vna j 'kUw ; 'kqYd ij iqu% vk;kr dh lqfo/kk gAS 'kqU; 'kqYd ij iqu% vk;kr dh ;g lqfo/kk jktLo foHkkx d s
dUs nzh; lhek'kqYd ,o a mRikn 'kYq d ckMs Z }kjk tkjh fn'kkfunsZ'kk sa d s v/khu gkxs h^^A
2- fon's k O;kikj uhfr] 2015&20 d s l'a kkfs/kr iSjk 4-44 dk s fuEukuqlkj i<+k tk,%
4-44 'kwU; 'kqYd ij iqu% vk;kr dh lqfo/kk ds lkFk rjk'ks vkSj ikfy'k fd, x, ghjksa dk fu;kZr
^^,d fu;kZrd ¼ftldk xr rhu o"kk sZa e sa l s izR;ds e sa 5 djkMs + #å d s fu;kZr dk okf"kdZ dkjkcs kj gk½s vFkok
izfØ;k iqLrd ds iSjk 4-74 ds rgr mfYYkf[kr iz;ksx'kkykvksa ds Hkkjr esa fLFkr vf/kd`r
dk;kZy;@vfHkdj.k ifzØ;k iqLrd 2015&20 d s iSjk 4-74 e sa mfYyf[kr fdlh Hkh vfHkdj.k@iz;kxs 'kkyk dk s
rjk'k s gq, vkSj ikfy'k fd, x, ghj s ¼izR;ds 0-25 dSjVs vFkok vf/kd½ dk fu;kZr dj ldrk gS ftle sa fu;kZr
dh frfFk l s 3 ekg dh vof/k d s vna j 'kUw ; 'kqYd ij iqu% vk;kr dh lqfo/kk gSA 'kUw ; 'kqYd ij fu;kZr vkSj
ifj.kkeh iqu% vk;kr dh ;g lqfo/kk jktLo foHkkx d s dUs nzh; lhek'kYq d ,o a mRikn'kYq d ckMs Z }kjk tkjh
fn'kkfunsZ'kk sa d s v/khu gkxs hA**
1015 GI/2017 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
3- bl vf/klwpuk dk izHkko % 'kUw ; 'kqYd ij rjk'k s vkSj ikfy'k fd, x, ghjk sa dk fu;kZr ,o a iqu% vk;kr gsrq
izek.ku ,o a xzfsMxa d s iz;kts ukFkZ ;g lfqo/kk ifzØ;k iqLrd 2015&20 d s iSjk 4-74 d s rgr mfYyf[kr
iz;kxs 'kkykvk sa d s Hkkjr e sa fLFkr dk;kZy;k@sa vfHkdj.kk sa dk s iznku dj nh xbZ gAS
[Qk- l-a 01@94@180@52@,,e16@ihlh&4]
vt; dqekj HkYyk] egkfun'ss kd] fon's k O;kikj
MINISTRY OF COMMERCE AND INDUSTRY
(Department of Commerce)
(DIRECTORATE GENERAL OF FOREIGN TRADE)
NOTIFICATION
New Delhi, the 22nd February, 2017
No. 39 /2015-2020
Subject: Amendment in Para 4.44 of Chapter 4 of the Foreign Trade Policy (FTP) 2015-20
S.O. 596(E).—In exercise of powers conferred by Section 5 of FT (D&R) Act, 1992, read with
paragraph 1.02 of the Foreign Trade Policy, 2015-2020, as amended from time to time, the Central
Government hereby makes following amendments in para 4.44 of Chapter 4 of Foreign Trade Policy 2015-20.
1. The existing Para 4.44 of FTP 2015-20 reads as under:
4.44 Export of Cut & Polished Diamonds with Re-import Facility at Zero Duty
“An exporter (with annual export turnover of Rs. 5 crores for each of the last three years) may
export cut & polished diamonds (each of 0.25 carat or above) to any of the
agencies/laboratories mentioned under paragraph 4.74 of Handbook of Procedures with re-
import facility at zero duty within 3 months from the date of export. Such facility of reimport at
zero duty will be subject to guidelines issued by Central Board of Customs & Excise,
Department of Revenue”.
2. The amended Para 4.44 of FTP 2015-20 is to be read as under:
4.44 Export of Cut & Polished Diamonds with Re-import Facility at Zero Duty
“An exporter (with annual export turnover of Rs 5 crores for each of the last three years) or the
authorised offices / agencies in India of laboratories mentioned under paragraph 4.74 of
Handbook of Procedures may export cut & polished diamonds (each of 0.25 carat or above) to
any of the agencies/laboratories mentioned under paragraph 4.74 of Handbook of Procedures
2015-20 with re-import facility at zero duty within 3 months from the date of export. Such
facility of export and subsequent reimport at zero duty will be subject to guidelines issued by
Central Board of Customs & Excise, Department of Revenue”.
3. Effect of Notification : The facility for export and re-import of cut and polished diamonds at
zero duty for the purpose of certification and grading has been extended to the authorised offices/
agencies in India of laboratories mentioned under paragraph 4.74 of Handbook of Procedures
2015-20.
[F.No. 01/94/180/52/AM16/PC-4]
AJAY KUMAR BHALLA, Director General of Foreign Trade
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.