7102
India allows foreign entities to trade rough diamonds in SNZs
India has amended its Foreign Trade Policy to allow specified foreign entities to import, auction, sell and re-export rough diamonds through Special Notified Zones (SNZs), subject to Customs supervision and CBIC procedures.
The Directorate General of Foreign Trade (DGFT) revised Paragraph 4.49 of the Foreign Trade Policy (FTP) 2023. The change expands the category of participants permitted to conduct rough-diamond transactions in Indiaβs Special Notified Zones.
Source: π π ππππ πππ«π―π’πππ¬
