GOVERNMENT OF INDIA
MINISTRY OF COMMERCE AND INDUSTRY
DEPARTMENT OF COMMERCE
NOTIFICATION No. 96(RE-2008)/2004-2009
New Delhi, Dated the 13th March, 2009
S.O (E) – In exercise of powers conferred by Section 5 of the Foreign Trade
(Development and Regulation) Act, 1992 (No. 22 of 1992) read with Para 1.3 of
the Foreign Trade Policy, 2004-2009 (as amended from time to time), the Central
Government hereby makes the following amendment in Foreign Trade Policy:
- The first sub paragraph of Paragraph 4A.19 stands replaced by the following
clause:
Firms and companies dealing in purchase/ sale of rough or cut and polished
diamonds/precious metal jewellery plain, minakari and / or studded with /
without diamond and/or other stones, with a track record of at least two years
in import or export of diamonds / coloured gemstones/ diamond and coloured
gemstones studded jewellery / plain gold jewellery, and having an average annual
turnover of Rs. 3 crores or above during preceding three licensing years, may
also carry out their business through designated Diamond Dollar Accounts (DDA).
This issues in Public Interest.
Sd/-
(R.S. GUJRAL)
DIRECTOR GENERAL OF FOREIGN TRADE
AND EX-OFFICIO ADDITIONAL SECRETARY TO THE GOVT. OF INDIA
(Issued from File No. 01/94/180/09-10/G&J/AM09/PC 4)