The Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce & Industry, has issued Public Notice No. 54/2025–26 dated March 30, 2026 introducing important policy support and relaxation measures for the Gems and Jewellery sector under Chapter 4 of the Foreign Trade Policy (FTP) 2023.
In light of prevailing geopolitical developments impacting global trade and logistics, and with the objective of facilitating exporters, the DGFT has exercised its powers under Paragraphs 1.03 and 2.04 of the FTP 2023 to amend provisions in the Handbook of Procedures (HBP) 2023.
Key Relaxations Introduced
[1] Extension of Re-export Period
A one-time relaxation has been granted for cases where the re-export period is expiring on or between March 1, 2026 and May 31, 2026. In such instances, the re-export period shall be automatically extended by 30 days from the original date of expiry.
This provision applies to relevant clauses under:
- Paragraph 4.74(c) of HBP 2023
[2] Extension of Export Period
Similarly, exporters whose export obligation periods fall within the same timeline (March 1, 2026 to May 31, 2026) will benefit from an automatic extension of 30 days from the date of expiry.
This applies to provisions under:
- Paragraphs 4.76(c), 4.81(b), 4.82(b), and 4.83(c) of HBP 2023
[3] Extension of Re-import Period
For cases involving re-import, where the stipulated period expires between March 1, 2026 and May 31, 2026, the re-import period will also be automatically extended by 30 days.
This applies under:
- Paragraph 4.79(c)(i) of HBP 2023
No Additional Compliance Burden
The DGFT has clarified that no separate application, composition fee, amendment, or endorsement will be required to avail these relaxations. The measures will be implemented automatically.
Role of Customs Authorities
Customs authorities have been directed to permit export/import activities in accordance with the amended provisions, subject to standard verification procedures.
Impact of the Public Notice
These facilitative measures aim to provide timely relief to stakeholders in the Gems and Jewellery sector, which has been affected by disruptions in global supply chains and logistics, particularly in West Asia. The automatic extension of timelines is expected to ease operational challenges, ensure continuity of trade, and support export performance without imposing additional procedural requirements.
The Public Notice can be accessed at: https://a2ztaxcorp.net/wp-content/uploads/2026/03/Public-Notice-54-dated-30.03.2026_0001.pdf
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