DGFT:The Foreign Trade Policy, 2023 has been amended regarding the Diamond Imprest Authorization (DIA). for relaxation in ITR requirement (Para 4.61) Exporters are now allowed to submit a Chartered Accountant’s certificate if their latest Income Tax Return is not filed, subject to providing proof of ITR by 31st December of the application year. Additionally, change in duty exemptions (Para 4.63) while imports under DIA remain exempt from Basic Customs Duty and other specified duties, the exemption from Integrated Tax (IGST) and Compensation Cess has been withdrawn, increasing import costs.(21.08.2025)

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DGFT

The Foreign Trade Policy, 2023 has been amended regarding the Diamond Imprest Authorization (DIA). for relaxation in ITR requirement (Para 4.61) Exporters are now allowed to submit a Chartered Accountant’s certificate if their latest Income Tax Return is not filed, subject to providing proof of ITR by 31st December of the application year. Additionally, change in duty exemptions (Para 4.63) while imports under DIA remain exempt from Basic Customs Duty and other specified duties, the exemption from Integrated Tax (IGST) and Compensation Cess has been withdrawn, increasing import costs.

(Notification No. 25/2025-26, dated 19.08.2025)