Notification No. 73/2025-26 FTP, Dated 31-03-2026
The Directorate General of Foreign Trade (DGFT) has issued a notification amending Paragraph 4.43 of the Foreign Trade Policy (FTP) 2023, introducing a one-time relaxation for the gems and jewellery sector.
1. Existing Provision Remains Unchanged
The current framework relating to:
- Export of cut and polished diamonds
- Re-import facility at zero duty
continues unchanged, ensuring continuity in trade operations.
2. Extension of Re-import Period
An additional provision has been inserted to allow extension of the re-import period in specified cases.
- Where the re-import period is expiring between 01-03-2026 and 31-05-2026
- The period shall automatically stand extended by 30 days from the original date of expiry
3. Revised Time Limit for Re-import
As a result of this relaxation:
- Eligible exporters can now avail a total re-import period of up to 4 months
- Instead of the earlier 3-month period for zero-duty re-import
4. Objective of the Relaxation
This measure aims to:
- Provide operational flexibility to exporters
- Address logistical and market disruptions
- Support the gems and jewellery sector during a constrained period
5. Conclusion
The amendment offers targeted relief by extending timelines without altering the core policy framework, thereby ensuring ease of compliance and continuity in export-import operations for the sector.
