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of <h1>New DIA scheme rules: ANF-4J imports via designated airport, export limits, bonds, 12-month validity, 18-month EO, no extensions</h1> The notice renumbers provisions for the Diamond Imprest Authorisation (DIA) scheme and sets procedural and substantive conditions: applications via ANF-4J to the Regional Authority; imports only through Mumbai Airport and subject to pre-import conditions; exports limited to physical natural cut and polished diamonds =0.25 carat without required 1:1 correlation; minimum 10% value addition realized in freely convertible currency; deemed exports disallowed; bond and performance bank guarantee equal to export obligation/duty foregone required before customs clearance; exports accepted only after imports and must reference the DIA number. DIA validity is 12 months, export obligation period 18 months, one authorisation per IEC, no revalidation or extension. EO fulfilment via ANF-4K; bonafide defaults regularised by paying customs duty with interest and 1% of FOB shortfall.
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