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Special Notified Zone for rough diamond trading permits regulated import, viewing, auction and re-export under customs control. Creation of a Special Notified Zone at Bharat Diamond Bourse permits regulated import, storage, viewing, auction and sale of rough diamonds under customs supervision; imports are by air cargo only and must be accompanied by invoice, packing list, insurance and Kimberley Process Certificate, with customs examination, tallying and sealing before transfer to the SNZ strong room. Sales require a sale invoice that serves as the declaration of value and buyers clear purchases by filing a bill of entry; unsold lots must be re-packed and exported under a shipping bill within prescribed timeframes.
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.
Special Notified Zone for rough diamond trading permits regulated import, viewing, auction and re-export under customs control.
Creation of a Special Notified Zone at Bharat Diamond Bourse permits regulated import, storage, viewing, auction and sale of rough diamonds under customs supervision; imports are by air cargo only and must be accompanied by invoice, packing list, insurance and Kimberley Process Certificate, with customs examination, tallying and sealing before transfer to the SNZ strong room. Sales require a sale invoice that serves as the declaration of value and buyers clear purchases by filing a bill of entry; unsold lots must be re-packed and exported under a shipping bill within prescribed timeframes.
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