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Corporate Laws Central Ministry of Corporate Affairs Foreign Trade (Development and Regulation) Act, 1992

DGFT updates duty exemptions under Diamond Imprest Authorisation

21-Aug-2026 | Notification No. 32/2026-27

The Directorate General of Foreign Trade has amended Para 4.63 of the Foreign Trade Policy 2023 with immediate effect in relation to imports under the Diamond Imprest Authorisation. The amendment removes the reference to Compensation Cess under sub-section (9) of Section 3 of the Customs Tariff Act, 1975, following its discontinuation with effect from 1 February 2026 pursuant to the recommendation of the 56th GST Council Meeting. The exemption from the whole of the Integrated Tax leviable under sub-section (7) of Section 3 of the said Act continues to remain available for such imports. Please refer the attached document.

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