Skip to main content
India's Trade & Customs Knowledge Base
Live on PostgreSQL About• Contact• Sign in Subscribe
EK EXIMKEY
Export · Import · Customs · DGFT Intelligence
Daily Updates Membership
Policy

Para 8.13(b)

Document type
Policy
Dated
Category
Exim Policy (01/04/2001 to 31/03/2002)

Para 8.13(b) - Export of Cut & Polished Diamonds For Certification/Grading

  • Gems and Jewellery exporters with a track record of at least three years and having an annual average turnover of Rs. 5 crores and above during the preceding three licensing years may be permitted to export cut & polished diamonds each weighing 0.50 of a carat and above, for the purpose of certification/grading reports by the laboratories/agencies like Gemological Institute of America (GIA), The Robert Mouawad Campus, International Gemmological Institute (IGI) and European Gemological Laboratory(EGL) in USA, Hoge Raad voor Diamand, Antwerp, (HRD), World Diamond Centre of Diamonds High Council, Antwerp, Belgium with a condition that the same should be re-imported with the certificate/grading reports from the agencies without any import duty at the time of re-import.

At the time of export of cut and polished diamonds for certification/grading, exporter should give an undertaking to the customs that the cut and polished diamonds will be re-imported within three months of exports for certification/grading. The export invoice should clearly indicate the estimated value, height, circumference, weight of each diamond to be exported for certification/ grading so that at the time of their import, the above specification could be compared with the original ones to establish their identity. Subsequently these cut and polished diamonds would be exported as per the provisions of the Policy.

(Please refer CUS CIR NO.37/2002 DATE 28/06/2002)

(Pl.refer Ntf.No.55/2001 dt.16/05/2001 for Cut & Polished Diamonds Re-import after Certification/Grading– No Addl. Customs Duty.)

(Please see Cir No.31/2001 Cus dt.24/05/2001)

Related Content

In This Category

48,405
HS Codes covered
Section to 8-digit product level
37,765
Regulatory documents
DGFT, Customs, Excise, RBI & GST
152,183
Import duty lines
Tariff lines with effective rates
20,499
SION norms
Standard input–output norms