Replenishment rules updated: rough diamond exports and Diamond Imprest Licence revalidation aligned with new filing and carriage provisions. The Handbook of Procedures is amended to require filing applications within six months following the month/quarter when export proceeds are realised; to permit export of rough diamonds against relevant Bills of Entry for replenishment benefit; to automatically revalidate Diamond Imprest Licences for one month where advance remittance was made within licence validity but import could not be effected; to allow personal carriage of specified jewellery and stones as samples for promotion up to a monetary threshold; and to set the replenishment rate for rough uncut and unset diamonds at ninety five percent of FOB.
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Replenishment rules updated: rough diamond exports and Diamond Imprest Licence revalidation aligned with new filing and carriage provisions.
The Handbook of Procedures is amended to require filing applications within six months following the month/quarter when export proceeds are realised; to permit export of rough diamonds against relevant Bills of Entry for replenishment benefit; to automatically revalidate Diamond Imprest Licences for one month where advance remittance was made within licence validity but import could not be effected; to allow personal carriage of specified jewellery and stones as samples for promotion up to a monetary threshold; and to set the replenishment rate for rough uncut and unset diamonds at ninety five percent of FOB.
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