Amendment to Para 4.49 of FTP-2023

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....-reg S.O.(E): In exercise of powers conferred by Section 3 read with Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with paragraph 1.02 of the Foreign Trade Policy, 2023 (as amended from time to time), the Central Government hereby amends Para 4.49 of FTP-2023, with immediate effect, as under: Para No. Existing Para Revised Para 4.....

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.... this paragraph shall include foreign companies engaged in the business of diamond mining, sightholders of such diamond mining companies, and brokers, aggregators or tender and auction entities connected with the sale of rough diamonds, as covered under Entry 13F of Schedule IV of the Income- tax Act, 2025, subject to conditions applicable thereunder. The procedure of import, auction/sale....