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        DGFT

        Diamond bulk licences-HDCL/MMTC can import upto 1.5 times of rough diamonds imported in preceding year

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        Bulk licence entitlement expanded for diamond importers, allowing increased import value linked to prior year rough diamond imports. Under the added provision to Paragraph 8.22 of the Handbook of Procedures, the value of a bulk licence for authorised diamond bulk importers shall be fixed at one and a half times the total value of rough diamonds imported by them under bulk licences in the preceding licensing year, linking current bulk licence entitlement to prior year imports.
                          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.

                                Bulk licence entitlement expanded for diamond importers, allowing increased import value linked to prior year rough diamond imports.

                                Under the added provision to Paragraph 8.22 of the Handbook of Procedures, the value of a bulk licence for authorised diamond bulk importers shall be fixed at one and a half times the total value of rough diamonds imported by them under bulk licences in the preceding licensing year, linking current bulk licence entitlement to prior year imports.


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