The Directorate General of Foreign Trade (DGFT) on December 09, 2025, issued a notification amending Para 4.63 of the Foreign Trade Policy (FTP) 2023 under the powers granted by the Foreign Trade (Development and Regulation) Act, 1992.
The amendment broadens the scope of exemptions available for imports made under the Diamond Imprest Authorisation (DIA). While the earlier provision exempted such imports from Basic Customs Duty, Additional Customs Duty, Education Cess, Anti-dumping Duty, Countervailing Duty, Safeguard Duty, and Transition Product Specific Safeguard Duty, the revised para now additionally exempts these imports from the Integrated Tax (IGST) and Compensation Cess levied under Section 3(7) and Section 3(9) of the Customs Tariff Act, 1975.
Through this amendment, the Central Government has clarified that all imports under the DIA scheme will henceforth enjoy exemption from IGST and Compensation Cess as well, thereby reducing import costs and supporting the diamond-processing sector.
[Notification No. 49/2025-26]
