The Directorate General of Foreign Trade (DGFT) on Janaury 21, 2025, issued the notification regarding the Introduction of new paras in Chapter 4 of Handbook Procedures, 2023.
The following has been stated namely: -
• New paras may be added to the HBP 2023, as follows:
o 4.94 Filing of Application for Diamond Imprest Authorisation (DIA)
The policy regarding Diamond Imprest Authorisation is outlined in the FTP 2023. Applicants shall submit their application online using ANF 4J to the concerned Regional Authority, as specified in Appendix 4A.
o 4.95 Conditions of Imports & Exports
i. Imports and exports shall be permitted only through Mumbai Airport.
ii. The import is subject to pre-Import condition.
iii. The export obligation shall be fulfilled exclusively through physical export of Natural Cut and Polished Diamonds, with each diamond weighing no more than ¼ of a Carat (25 Cents). One to one correlation between import and export shall not be required.
• New ANF 4J (for issuance of fresh DIA) has been introduced
This shall come into force on April 01, 2025.
[Notification No. 42/2024-25]
