{"id":1264,"date":"2025-12-10T17:55:02","date_gmt":"2025-12-10T13:25:02","guid":{"rendered":"https:\/\/caalokkumar.com\/my-writing\/?p=1264"},"modified":"2025-12-10T17:55:03","modified_gmt":"2025-12-10T13:25:03","slug":"zero-tax-on-diamonds-dia-scheme-simplified-a-sparkling-reform","status":"publish","type":"post","link":"https:\/\/caalokkumar.com\/my-writing\/zero-tax-on-diamonds-dia-scheme-simplified-a-sparkling-reform\/","title":{"rendered":"Zero Tax on Diamonds: DIA Scheme Simplified -A Sparkling Reform"},"content":{"rendered":"\n

Government exempts diamond imports under the Diamond Imprest Authorisation (DIA) scheme from Integrated Tax and Compensation Cess<\/h1>\n\n\n\n
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1 Background \u2013 integrated tax and compensation cess on imports<\/h2>\n\n\n\n

Under the Goods and Services Tax (GST) regime, imports of goods into India are treated as inter\u2011state supplies. Integrated GST (IGST)<\/strong> is levied on imports in addition to basic customs duty<\/strong>. Section 3(7) of the Customs Tariff Act, 1975<\/strong> authorises the levy of IGST on imported goods at the rate applicable to similar goods supplied in India. The value for IGST calculation is the assessable value plus basic customs duty and social\u2011welfare cess; the tax is collected through customs using the procedures of the Customs Actgstcouncil.gov.in<\/a>.  GST compensation cess<\/strong>, introduced by the Goods and Services Tax (Compensation to States) Act, 2017<\/strong>, is levied under section 3(9) of the Customs Tariff Act on specified luxury or \u201csin\u201d goods (such as large cars, tobacco and aerated drinks). The cess is calculated on the assessable value plus customs duty, and the revenue is used to compensate states for GST revenue shortfallsgstcouncil.gov.in<\/a>. Businesses can generally claim credit of IGST and compensation cess paid on imports, but these levies raise working\u2011capital costs.<\/p>\n\n\n\n

2 Overview of the Diamond Imprest Authorisation (DIA) scheme<\/h2>\n\n\n\n

2.1 Purpose and policy objectives<\/h3>\n\n\n\n

India\u2019s gem and jewellery sector contributes significantly to exports and employment, yet faces competition from countries that mandate value addition within their borders. To retain India\u2019s leadership in the diamond supply chain and reduce incentives for manufacturers to relocate overseas, the Department of Commerce introduced the\u00a0Diamond\u00a0Imprest\u00a0Authorisation (DIA) scheme<\/strong>. Announced in Notification\u00a053\/2024\u201125 (21\u00a0January\u00a02025) and operational from\u00a01\u00a0April\u00a02025<\/strong>, the scheme allows duty\u2011free imports of natural cut and polished diamonds (including semi\u2011processed, half\u2011cut and broken diamonds) weighing\u00a0no more than\u00a0\u00bc\u00a0carat (25\u00a0cents)<\/strong>\u00a0for subsequent export.The scheme aims to provide a level playing field for Indian exporters\u2014especially micro, small and medium\u2011sized enterprises (MSMEs)\u2014and prevent flight of investment to diamond\u2011mining countries that require in\u2011country cutting and polishing.<\/p>\n\n\n\n

2.2 Eligibility and import limits<\/h3>\n\n\n\n

Only exporters with\u00a0Two\u2011Star Export House status or above<\/strong>\u00a0who have achieved at least\u00a0US$\u00a015\u00a0million of cut\u2011and\u2011polished diamond exports<\/strong>\u00a0in each of the previous three financial years are eligible to obtain DIA. The imports cannot exceed\u00a05\u00a0% of the average export turnover<\/strong>\u00a0of cut\u2011and\u2011polished diamonds during the preceding three years, subject to a cap of\u00a0US$\u00a015\u00a0million<\/strong>.Importers must also have filed all GST and income\u2011tax returns for those years.<\/p>\n\n\n\n

2.3 Value\u2011addition and export obligations<\/h3>\n\n\n\n

Holders of a DIA must fulfil an\u00a0export obligation<\/strong>\u00a0by exporting natural cut\u2011and\u2011polished diamonds with\u00a0a minimum value\u2011addition of 10\u00a0%<\/strong>, realised in free foreign exchange, within six months of import. Exports must be channelled through\u00a0Mumbai airport<\/strong>, and failure to meet the obligation attracts payment of duties plus interest. The scheme excludes\u00a0lab\u2011grown diamonds<\/strong>. An application form\u00a0ANF\u20114J<\/strong>\u00a0has been prescribed for DIA applicants; it captures details such as the importer\u2019s IEC, export turnover, GST filings and supporting manufacturer information.<\/p>\n\n\n\n

2.4 Earlier duty exemptions under the scheme<\/h3>\n\n\n\n

Before December\u00a02025 the DIA scheme<\/a> already granted exemption from several customs duties\u2014basic customs duty, additional customs duty (countervailing duty), education cess, anti\u2011dumping duty, countervailing duty on subsidised articles, safeguard duty and transition product specific safeguard duty\u2014for imports under the authorisation.However, importers still had to pay IGST (normally 18\u00a0%) and compensation cess, which locked up working capital until credits could be utilised.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

3 Notification 49\/2025\u201126\u2014exemption from IGST and compensation cess<\/h2>\n\n\n\n

On\u00a09\u00a0December\u00a02025<\/strong>\u00a0the Directorate General of Foreign Trade (DGFT) issued\u00a0Notification\u00a049\/2025\u201126<\/strong><\/a>\u00a0amending paragraph\u00a04.63 of the Foreign\u00a0Trade Policy\u00a02023 to further liberalise the DIA scheme. The notification states that imports under Diamond\u00a0Imprest\u00a0Authorisation are not only exempt from customs duties listed above but are\u00a0also exempt from the whole of the Integrated Tax and the Compensation Cess leviable under sub\u2011sections\u00a0(7) and\u00a0(9) of section\u00a03 of the Customs Tariff Act, 1975<\/strong>. The amendment clarifies that the exemption takes effect immediately and has been issued with the approval of the Minister of Commerce &\u00a0Industry. The DGFT summarised the effect clearly:\u00a0\u201cThe import under DIA shall also be exempted from payment of the Integrated Tax and Compensation Cess\u201d<\/strong>.<\/p>\n\n\n\n

3.1 Legislative basis for the exemption<\/h3>\n\n\n\n

Sections 3(7) and 3(9) of the Customs Tariff Act empower the government to levy IGST and compensation cess on imported goods. The DGFT derives authority to exempt these levies through section 25 of the Customs Act and sections 3 and 5 of the Foreign Trade (Development and Regulation) Act, 1992<\/strong>. By amending the Foreign Trade Policy, the notification aligns customs exemptions with tax policy while maintaining control under the actual\u2011user condition (imported diamonds must be used for manufacturing and export).<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n
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4 Why the exemption matters<\/h2>\n\n\n\n

4.1 Reduction of tax burden and working\u2011capital strain<\/h3>\n\n\n\n

Imported natural cut and polished diamonds up to 25\u00a0cents previously attracted\u00a018\u00a0% IGST<\/strong>. The\u00a056th GST Council meeting<\/strong>\u00a0(September\u00a02025) recommended that this IGST be reduced to\u00a0nil<\/strong>\u00a0for imports under the DIA scheme. The DGFT notification implemented this decision by exempting both IGST and compensation cess. Industry representatives noted that the exemption would\u00a0ease working\u2011capital pressures<\/strong>\u00a0for small and medium diamond processors who previously had to pay IGST upfront and claim credit later.<\/p>\n\n\n\n

4.2 Support for exporters and MSMEs<\/h3>\n\n\n\n

The Gem &\u00a0Jewellery Export Promotion Council (GJEPC) welcomed the reform. It observed that exempting natural cut and polished diamonds up to 25\u00a0cents from IGST will\u00a0stimulate domestic demand<\/strong>,\u00a0reduce costs<\/strong>, and provide a cushion to export supply chains facing global challenges. The Council emphasised that the benefits of lower taxes and reduced working\u2011capital blockage would be passed on to consumers, strengthening India\u2019s competitiveness as a global hub for diamond processing and jewellery design. The reduction of GST on jewellery boxes from 12\u00a0% to 5\u00a0%\u2014announced concurrently\u2014also lowers packaging costs, further supporting exporters<\/a>.<\/p>\n\n\n\n

4.3 Preserving India\u2019s position in the global diamond value chain<\/h3>\n\n\n\n

Several African diamond\u2011mining countries have adopted\u00a0beneficiation policies<\/strong>\u00a0requiring local cutting and polishing. The DIA scheme counters these policies by enabling Indian manufacturers to import small diamonds duty\u2011free, add value domestically and re\u2011export them. MSME exporters, who form a large part of the gem and jewellery sector, can import at least 5\u00a0% (up to 10\u00a0%) of their average export turnover under the\u00a0Diamond Imprest Licence<\/strong>\u00a0announced by the Commerce Minister in August\u00a02024. The policy is expected to create jobs in diamond sorting and semi\u2011finished processing and deter flight of investment.<\/p>\n\n\n\n

5 Practical considerations for DIA holders<\/h2>\n\n\n\n
    \n
  1. Application and monitoring:<\/strong>\u00a0Exporters seeking a DIA must submit the ANF\u20114J form through the DGFT online portal, providing details of past exports, GST returns and value\u2011addition plans. Regional licensing authorities monitor fulfilment of export obligation and value\u2011addition.<\/li>\n\n\n\n
  2. Actual\u2011user condition:<\/strong>\u00a0The imported diamonds must be used exclusively for manufacturing or processing and cannot be sold domestically. Failure to meet export obligation or diversion of goods results in demand for customs duty, IGST and cess with interest.<\/li>\n\n\n\n
  3. Exclusion of lab\u2011grown diamonds:<\/strong>\u00a0The scheme covers only natural diamonds; lab\u2011grown diamonds remain subject to normal import duties and taxes.<\/li>\n\n\n\n
  4. Time\u2011bound exports:<\/strong>\u00a0Exporters must complete exports with the prescribed value\u2011addition within\u00a0six months<\/strong>; extensions may be granted on merit.<\/li>\n\n\n\n
  5. Documentation:<\/strong>\u00a0Careful record\u2011keeping is essential to avail exemption and later claim input\u2011tax credit (where applicable). Invoices must mention the DIA number and exports must be routed through Mumbai airport.<\/li>\n<\/ol>\n\n\n\n

    6 Conclusion<\/h2>\n\n\n\n

    The exemption from IGST and compensation cess under the Diamond Imprest Authorisation scheme marks a significant policy shift. By removing the 18 % IGST and any applicable compensation cess on small, natural cut\u2011and\u2011polished diamonds imported for re\u2011export, the government addresses a long\u2011standing demand of the gem and jewellery sector. The reform reduces working\u2011capital blockage, enhances competitiveness for MSME exporters and aligns India\u2019s trade policy with global trends of domestic value addition. Exporters should, however, comply strictly with eligibility conditions, value\u2011addition requirements and export obligations to retain the benefit of duty\u2011free imports.<\/p>\n\n\n\n

    \"\"<\/figure>\n","protected":false},"excerpt":{"rendered":"

    Government exempts diamond imports under the Diamond Imprest Authorisation (DIA) scheme from Integrated Tax and Compensation Cess 1 Background \u2013 integrated tax and compensation cess on imports Under the Goods and Services Tax (GST)…<\/p>\n","protected":false},"author":1,"featured_media":1265,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1264","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-income-tax-act-1961"],"yoast_head":"\nZero Tax on Diamonds: DIA Scheme Simplified -A Sparkling Reform - CA ALOK KUMAR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/caalokkumar.com\/my-writing\/zero-tax-on-diamonds-dia-scheme-simplified-a-sparkling-reform\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zero Tax on Diamonds: DIA Scheme Simplified -A Sparkling Reform - 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