Bonded warehouse scheme: permits private/public bonded storage for diamond and gemstone import, re export and regulated DTA sale. Private/public bonded warehouses in DTA/EPZ may hold imported diamonds and gemstones for import, re export and permitted DTA sale under REP/GEM REP/Diamond Imprest Licences subject to customs duty. Rough diamonds are treated as dutiable for regulatory control. REP/GEM REP/Diamond Imprest Licence holders and EOUs/EPZ units may clear goods on filing ex bond Bills of Entry; Diamond Imprest Licence holders must execute bonds equal to duty leviable and may maintain running bond accounts. Warehouse licence holders are responsible for custody, delivery, record keeping and maintaining Bond/Stock registers per prescribed Annexures.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Bonded warehouse scheme: permits private/public bonded storage for diamond and gemstone import, re export and regulated DTA sale.
Private/public bonded warehouses in DTA/EPZ may hold imported diamonds and gemstones for import, re export and permitted DTA sale under REP/GEM REP/Diamond Imprest Licences subject to customs duty. Rough diamonds are treated as dutiable for regulatory control. REP/GEM REP/Diamond Imprest Licence holders and EOUs/EPZ units may clear goods on filing ex bond Bills of Entry; Diamond Imprest Licence holders must execute bonds equal to duty leviable and may maintain running bond accounts. Warehouse licence holders are responsible for custody, delivery, record keeping and maintaining Bond/Stock registers per prescribed Annexures.
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