The Directorate General of Foreign Trade (DGFT) on January 21, 2025, notified regarding the introduction of the new scheme as 'Diamond Imprest Authorisation' under Chapter 4 of Foreign Trade Policy 2023.
The following has been stated namely: -
• The 'Diamond Imprest Authorisation' (DIA) Scheme has been introduced to boost exports of Diamonds from India.
• It allows eligible exporters to import the natural cut and polished diamonds, including semi-processed and broken diamonds, under specified conditions, for physical export with a minimum 10% value addition.
• The eligibility requires a Two Star Export House status or above, with a consistent export performance of US$ 15 million in the past three years.
• This scheme shall be implemented with effect from April 01, 2025.
The detailed notification is attached below.
[Notification no. – 53/2024-25]
