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

(a) Equal to the best export performance of cut and polished diamonds in any licensing year during the preceding three licensing years, if he has a minimum of three licensing years of export performance.

(b) 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.