India launches DIA Scheme to boost diamond trade with duty-free imports and export targets.

India introduces the Diamond Imprest Authorization (DIA) Scheme to boost its diamond trade. Starting April 1, 2025, the DIA allows duty-free import of natural cut and polished diamonds with a 10% value addition requirement for export. Targeting exporters with at least $15 million annual exports, the scheme aims to enhance competitiveness, prevent investment flight, and create jobs amid a decline in exports and job losses.

2 months ago
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