8.22
- Document type
- Procedure
- Dated
- Category
- HB Vol.1 (upto 31/03/2001)
Entitlement
8.22 The value of Bulk Licence shall not exceed 50% of the annual average value of
export of cut and polished diamonds made by the applicant during the preceding
three licensing years.
In the case of any overseas company with its branch office in India, the
entitlement shall not exceed 50% of annual average turnover of the preceding
three licensing years. However, for HDCL / MMTC the value of the bulk
licence shall be 1.5 times of the total value of rough diamonds imported by
them against the bulk license(s) in the preceding year.
(This para has been amended vide P.N. No. 7/(RE-98), Dt. 22/4/97.)