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of <h1>Import Bill Limit for Rough Stones Raised to $300K for Non-Status Exporters; Aligns with Rough Diamonds Rules.</h1> The circular addresses the liberalization of import bill receipt regulations for rough precious and semi-precious stones. It increases the limit for direct receipt of import bills from USD 100,000 to USD 300,000 for non-status holder exporters, aligning it with the existing provision for rough diamonds. Authorized Dealer Category-I banks are permitted to facilitate these transactions, provided they adhere to conditions such as compliance with the Foreign Trade Policy, conducting due diligence, and verifying the importer's credentials. The circular emphasizes maintaining existing conditions from previous directives and mandates banks to inform relevant parties of these changes.
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