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of <h1>India Updates Foreign Trade Policy: New Bonded Warehouses for Gems & Jewellery in SEZ and DTA.</h1> The Government of India has amended the Foreign Trade Policy (2009-2014) to introduce provisions for establishing Private/Public Bonded Warehouses specifically for the Gems and Jewellery sector. This amendment, effective immediately, adds a new paragraph 4A.16A, allowing such warehouses in Special Economic Zones (SEZ) and Domestic Tariff Areas (DTA) for the import and re-export of diamonds and gemstones, provided a minimum value addition of 5% is achieved. This reintroduction follows the withdrawal of similar provisions when import duties were previously reduced to zero.
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