​Diamond Imprest Authorization Scheme

On 21st January 2025, the Union Government introduced the Diamond Imprest Authorization (DIA) Scheme under Foreign Trade Policy, 2023.

  • Objective: To provide a streamlined mechanism for duty-free import of Natural Cut and Polished Diamonds.

Key Features

  • Duty-Free Import: Allows duty-free import of Natural Cut and Polished Diamonds, less than ¼ Carat (25 Cents).
  • Export Obligation: Requires an export obligation with a value addition of 10%.
  • Eligibility: Applicable to Diamond exporters with Two Star Export House status and above, having US $15 Million exports per year.
  • Non-Applicability: Does not apply to Lab-Grown Diamonds (LGDs).
  • Duties Exempted: Exempts Basic Customs Duty, Additional Customs Duty, Education Cess, ....

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