India Extends Duty-Free Time Limit for Certain Exports, Reimports of Diamonds
India amended its Foreign Trade Policy to change the time frame for which certain exporters benefit from duty-free treatment, the country’s Directorate General of Foreign Trade said in a June 26 notice. The change extends for an additional three months…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
the current three months from the date of export for certain duty-free exports and reimports of cut and polished diamonds, in cases in which the “re-import period is expiring” between Feb. 1 and July 31, 2020, the notice said. India made the change to help mitigate impacts of the COVID-19 pandemic, the notice said.