Special Notified Zone for rough diamonds enables air-only import, on-site viewing and sale with customs-controlled sealing and re-export procedures. A Special Notified Zone at Gujarat Hira Bourse, Surat is authorised for air-only import, viewing, auction/sale and re-export of rough diamonds under customs supervision. Facility plans and security arrangements must be approved by the jurisdictional customs authority; consignors must be those permitted under the RBI circular. Imported parcels must carry invoice, packing list, insurance and Kimberley Process Certificate, be transhipped from Sahar Mumbai, examined, sealed and placed in the SNZ strong room. Sales occur only by lot, with repacking and resealing within sixty days; sold lots use the mining company sale invoice as the declaration of value under Section 14, and unsold lots must be exported under a shipping bill within seventy-five days.
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 diamonds enables air-only import, on-site viewing and sale with customs-controlled sealing and re-export procedures.
A Special Notified Zone at Gujarat Hira Bourse, Surat is authorised for air-only import, viewing, auction/sale and re-export of rough diamonds under customs supervision. Facility plans and security arrangements must be approved by the jurisdictional customs authority; consignors must be those permitted under the RBI circular. Imported parcels must carry invoice, packing list, insurance and Kimberley Process Certificate, be transhipped from Sahar Mumbai, examined, sealed and placed in the SNZ strong room. Sales occur only by lot, with repacking and resealing within sixty days; sold lots use the mining company sale invoice as the declaration of value under Section 14, and unsold lots must be exported under a shipping bill within seventy-five days.
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