Amendment to Paragraph 4.43 of the Foreign Trade Policy (FTP) 2023 -One-time relaxation for the Gems and Jewellery Sector.

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[o be Published in the Gazette of lndia Enraordinary Part-ii, Section-3, Sub- Section (ii)| Govemment of lndia Ministry of Commerce & lndustry Department of Commerce Directorate General of Foreign Trade Notification No. 1 3 12020-26 New Delhi, Dated: March tl',2OZA Subject: Amendmgnt to Paragraph 4.43 of the Foreign Trade Policy (FTp) 2023 - one-time relaxation for the Gems and Jeweilery sector. S.O.(E): ln exercise of powers confened 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) 2A23,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 hardshipJfaced by exporters due to the ongoing geo-political crisis in West Asia: Rs 5 crores for each of the last three paragraph 4.73 of Hand Book of Procedures may export cut & polished diamonds (each of 0.25 carat or above) any of the agencies/laboratories mentioned under paragraph 4.73 of Handbook of Procedures with at zero duty within 3 months from date of export. Such facility of re- Customs & Excise, Depar^tment of Revenue. an export turnover or the authorized ) offices/agencies of lndia laboratories mentioned under re-import subject at rt zero wi be po to duty issued ines Board of Central guidel by of Rs 5 crores for each last three years) or authorized officesiagencies in I of laboratories mentioned paragraph 4.73 of Hand Book Procedures may export cut polished diamonds (each of 0 or above) to any of th aboratories mentio paragraph 4.73 of Procedures with re-import facil at zero duty within 3 months from date of export. Such facility of import at zero duty will be subject issued by Central Boa Customs & Excise, Department , as a one-time relaxation, in cases where the re-import period on or between March 01, and May 31, 2026, such re- impofi period shall automatical extended by 30 days from the ann export ly exporter Revenue. of its Eftct of this Nortification: Specified category of Exporters of cut and polished diamonds will now have a total of four monttrs (instead of three months) to avail zero-dut-v re-impon tacilit-v in Para 4.43 af FTP ior shipments whose date of re- e,hrj Existing Para 4.43 Hevtsed Para 4.43 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 instabilit-v QM (LavAganrual) Directorate General of Foreign Trade & Ex-officio Additional Secretary to the Government of lndia (File No. A1 t941180t1 16/AM26/PC-4)