Consider the following statements regarding the Diamond Imprest Authorization Scheme:
1. It is a trade facilitation initiative to support exporters of diamonds and precious stones.
2. The scheme is regulated by the Directorate General of Foreign Trade (DGFT) under the Foreign Trade Policy (FTP).
Which of the statements given above is/are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2