Amendment to Paragraph 4 43 of the Foreign Trade Policy FTP 2023Onetime relaxation for the Gems and Jewellery Sector

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-11042026-271743 EXTRAORDINARY PART II-Section 3-Sub-section (ii) PUBLISHED BY AUTHORITY No. 1787] NEW DELHI, FRIDAY, APRIL 10, 2026/CHAITRA 20, 1948 MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) NOTIFICATION New Delhi, the 31st March, 2026 No. 73/2025-26 Subject: Amendment to Paragraph 4.43 of the Foreign Trade Policy (FTP) 2023-One-time relaxation for the Gems and Jewellery Sector. S.O. 1856(E).— In exercise of powers conferred 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) 2023,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 hardships faced by exporters due to the ongoing geo-political crisis in West Asia: +--------------------------------------------------------------------------------+--------------------------------------------------------------------------------+ | Existing Para 4.43 | Revised Para 4.43 | +================================================================================+================================================================================+ | An exporter (with annual export turnover of Rs 5 crores for each of the last | An exporter (with annual export turnover of Rs 5 crores for each of the last | | three years) or the authorized offices/agencies in India of laboratories | three years) or the authorized offices/agencies in India of laboratories | | mentioned under paragraph 4.73 of Hand Book of Procedures may export cut & | mentioned under paragraph 4.73 of Hand Book of Procedures may export cut & | | polished diamonds (each of 0.25 carat or above) to any of the | polished diamonds (each of 0.25 carat or above) to any of the | | agencies/laboratories mentioned under paragraph 4.73 of Handbook of | agencies/laboratories mentioned under paragraph 4.73 of Handbook of | | Procedures with re-import facility at zero duty within 3 months from the date | Procedures with re-import facility at zero duty within 3 months from the date | | of export. Such facility of re- import at zero duty will be subject to | of export. Such facility of re- import at zero duty will be subject to | | guidelines issued by Central Board of Customs & Excise, Department of Revenue. | guidelines issued by Central Board of Customs & Excise, Department of Revenue. | +--------------------------------------------------------------------------------+--------------------------------------------------------------------------------+ However, as a one-time relaxation, in cases where the re- import period is expiring on or between March 01, 2026 and May 31, 2026, such re- import period shall automatically stand extended by 30 days from the date of its expiry Effect of this Notification: Specified category of Exporters of cut and polished diamonds will now have a total of four months (instead of three months) to avail zero-duty re-import facility in Para 4.43 of FTP for shipments whose date of re- 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 instability. [F. No. 01/61/180/116/AM26/PC-4] LAV AGARWAL, Director General of Foreign Trade & Ex-officio Addl. Secy.