DGFT Amends Para 4.41(5) of FTP 2023 – Key Policy Update.

The Central Government, exercising its powers under Sections 3 and 5 of the Foreign Trade (Development and Regulation) Act, 1992, has issued an important amendment to the Foreign Trade Policy (FTP) 2023. This amendment pertains to Para 4.41(5) of the FTP 2023 and has been notified with immediate effect.

What is the Amendment About?

The change involves the name of an agency listed under Para 4.41(5) of the FTP 2023, which deals with specific notified agencies under the policy. The amendment corrects the name of the agency located in the Bandra Kurla Complex, Mumbai.

Details of the Amendment

Effect of this Notification:

• The name of the agency listed at Serial No. (5) of Para 4.41 of the Foreign Trade Policy 2023 has been officially amended from “International Gemmological Institute (India) Pvt. Ltd.” to “International Gemmological Institute (India) Limited.”
• This correction ensures accurate referencing of the agency in the policy documents and related regulatory communications.

Why Does This Matter?

Accurate agency details in the Foreign Trade Policy are essential for:

• Legal clarity and compliance by exporters, importers, and other stakeholders.
• Smooth processing of authorizations and certifications that depend on recognized agencies.
• Avoiding confusion in trade facilitation procedures linked to these agencies.

Conclusion

Exporters, importers, and other stakeholders should note this change and update their records accordingly to ensure alignment with the amended FTP 2023 documentation.

Notification Reference: DGFT
Notification No.12/2025-26
26/05/2025