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of <h1>India's Foreign Trade Policy Adds Para 4.49 A: Import, Auction, and Re-export of Rough Diamonds in SNZs Permitted</h1> The Government of India has introduced a new provision, Para 4.49 A, in the Foreign Trade Policy 2015-2020, allowing the import, auction/sale, and re-export of rough diamonds within a Special Notified Zone (SNZ). This process is to be conducted by entities specified in an RBI notification and will occur under the supervision of Customs and the SNZ operator. The Central Board of Excise and Customs (CBEC) will outline the specific procedures for these activities. This notification aims to facilitate the trade of rough diamonds in a regulated environment.
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