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SMALL DIAMOND IMPORTS EXEMPTED FROM IGST

  • NEWS Desk Global
  • Sep 5
  • 1 min read

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The Gem and Jewellery Export Promotion Council (GJEPC) on Friday said that recent GST reforms have delivered significant relief to the diamonds and jewellery sector, easing costs for both exporters and consumers.

The government’s move to exempt imports of natural cut and polished diamonds up to 25 cents under the Diamond Imprest Authorisation Scheme (DIAS) from the 18% IGST will ease working capital pressures and support small-diamond processing units, the council said.

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