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Global Trade Alert

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India: Scheme introduced to allow duty-free import of diamonds to promote exports

Description

On 21 January 2025, the Indian Ministry of Commerce and Industry through Notification No 53/2024-25 introduced a scheme to provide duty-free imports of diamonds that will be exported later. The exemp...

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Intervention Details

Intervention Type

Tax-based export incentive

MAST Chapter

P: Export-related measures (incl. subsidies)

Implementation date

01 Apr 2025

Revocation date

No revocation date

Implementation level

National

Affected flow

Outward subsidy

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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