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of <h1>India Amends Foreign Trade Policy: Firms Can Use Diamond Dollar Accounts for Jewelry Trade, Subject to Eligibility.</h1> The Government of India has amended the Foreign Trade Policy to permit firms and companies engaged in the trade of rough or cut and polished diamonds and precious metal jewelry to conduct business through designated Diamond Dollar Accounts (DDA). Eligible entities must have a minimum of two years of import or export experience in diamonds, colored gemstones, or related jewelry and an average annual turnover of at least Rs. 3 crores over the previous three licensing years. This amendment, issued in the public interest, is authorized under the Foreign Trade (Development and Regulation) Act, 1992.
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