An exporter may apply for a licence for import of rough diamonds:

• Equal to the best export performance of cut and polished diamonds in the licensing year during the preceding three licensing years, if he has a minimum of three licensing year of export performance.
  
  
• Against a valid export order in his own name.
  
  

An exporter of cut & polished diamonds who is status holder may also be issued a licence for import of cut & polished diamonds upto 5% of the export performance of the preceding year of cut & polished diamonds.