Clean Credit for diamond imports permitted with extended repayment period under FEMA; AD banks must ensure KYC and AML compliance. Permission is granted for Clean Credit financing for import of rough, cut and polished diamonds, allowing foreign suppliers to extend credit to Indian buyers without Letters of Credit, Letters of Undertaking or Indian bank fixed deposits for a period not exceeding 180 days from the date of shipment; AD Category - I banks must conduct due diligence and comply with Reserve Bank KYC and AML standards and scrutinise large or abnormal transaction increases.