Global Trade Alert
Global Trade Alert

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

Announcement

21 Jan 2025

On 21 January 2025, the Indian government introduced a scheme to support the exports of diamonds.

Source

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Number of interventions

3

2 certainly harmful

0 likely harmful

1 liberalising

List of interventions

Implementation date

01 Apr 2025

Revocation date:

No revocation date

Updated: 21 Jan 2025
Local value added incentive In force

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 exp...

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Updated: 21 Jan 2025
Tax-based export incentive In force

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. 

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Implementation date

01 Apr 2025

Revocation date:

No revocation date

Updated: 21 Jan 2025
Import tariff In force

On 21 January 2025, the Indian Ministry of Commerce and Industry, through Notification No. 53/2024-25, introduced the "Diamond Imprest Authorisation" scheme. The scheme allows the duty-free import ...

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