Amendment to Para 4.49 of FTP-2023 Regarding Special Notified Zones · Notification No. 42 /2026-27
DGFT notification Notification No. 42 /2026-27 · 09 Oct 2026
Official title
Amendment to Para 4.49 of FTP-2023
Official record
Open source pageSummary
Check the official recordWhat changed
The Directorate General of Foreign Trade amends Para 4.49 of the Foreign Trade Policy 2023 to define eligible foreign entities for operations in Special Notified Zones. Eligible entities now include foreign diamond mining companies, their sightholders, and associated brokers, aggregators, or auction entities. These entities must meet the conditions under Entry 13F of Schedule IV of the Income-tax Act, 2025. The amendment permits these entities to import, auction, sell, and re-export rough diamonds on a consignment or outright basis. The operator of the Special Notified Zone administers these activities under the supervision of Customs. The Central Board of Indirect Taxes and Customs specifies the procedures for these transactions.
What you must do
- Follow procedures for import, auction, sale, and re-export of rough diamonds as specified by the Central Board of Indirect Taxes and Customs.
Key dates
- Effective from
Document text
[To be published in Gazette of India Extraordinary Part-II, Section-3, Sub-section (ii)]
Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Vanijya Bhawan, New Delhi
Notification No. 42 /2026-27
Dated: 09 October, 2026
Subject: Amendment to Para 4.49 of FTP-2023-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 |
|---|---|---|
| 4.49 of FTP |
Special Notified Zone (SNZ) | Import, auction/sale and re-export of rough diamonds by entities, as notified vide RBI Notification 116 of 1st April, 2014, as amended from time to time, on consignment or outright basis, will be permitted in Special Notified Zone (SNZ) administered by the operator of SNZ, under supervision of Customs. The procedure of import, auction/sale and re-export of rough diamonds (unsold) would be as specified by CBIC. | Import of rough diamonds and their auction, sale and re-export therefrom, as the case may be, by eligible foreign entities, on consignment or outright basis, will be permitted in Special Notified Zone (SNZ) administered by the operator of SNZ, under supervision of Customs.
Eligible foreign entities for the purposes of 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 and re-export of rough diamonds (unsold) shall be as specified by CBIC from time to time. |
Effect of the Notification: Para 4.49 of FTP, 2023 relating to Special Notified Zones (SNZs) has been amended to enable eligible foreign entities as covered under Entry 13F of Schedule IV of the Income-tax Act, 2025, to undertake permitted activities.
This issues with the approval of the Minister of Commerce & Industry.
[Image omitted. See the official document.]
(Lav Agarwal)
Director General of Foreign Trade &
Ex officio Addl. Secretary to the Government of India
e-mail: dgft@nic.in
(Issued from File No. 01/94/180/067/AM27/PC-4)
Source details
- Source
- Directorate General of Foreign Trade
- Type
- notification
- Published by source
- 09 Oct 2026
- Document number
- Notification No. 42 /2026-27
- Issuing division
- Directorate General of Foreign Trade
- Effective date
- 09 Oct 2026
- Coverage area
- foreign-trade