https://www.taxtmi.com/highlights?id=91710 An amendment to FTP-2023 revises eligibility and duty relief for Diamond Imprest Authorisations: exporters with Two Star Export House status (minimum US$15 million in cut & polished diamond exports each year for the past three years and filed GST/ITR) remain eligible to import natural cut & polished diamonds up to 5% of the three-year average, capped at US$15 million; a chartered accountant certificate may temporarily substitute for an unfinalized ITR provided the ITR is filed by 31 December of the application year; imports retain exemptions from various customs and safeguard duties but are no longer exempt from integrated tax and compensation cess. en-us Wed, 20 Aug 2025 10:49:46 +0530 Wed, 20 Aug 2025 10:49:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=91710 An amendment to FTP-2023 revises eligibility and duty relief for Diamond Imprest Authorisations: exporters with Two Star Export House status (minimum US$15 million in cut & polished diamond exports each year for the past three years and filed GST/ITR) remain eligible to import natural cut & polished diamonds up to 5% of the three-year average, capped at US$15 million; a chartered accountant certificate may temporarily substitute for an unfinalized ITR provided the ITR is filed by 31 December of the application year; imports retain exemptions from various customs and safeguard duties but are no longer exempt from integrated tax and compensation cess. Highlights DGFT Wed, 20 Aug 2025 10:49:46 +0530 https://www.taxtmi.com/highlights?id=91710