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of <h1>India's Foreign Trade Policy 2009-2014: New Scheme for Import and Re-Export of Diamonds via GIA Offices.</h1> A new scheme under the Foreign Trade Policy 2009-2014 allows authorized offices/agencies in India of the Gemological Institute of America (GIA) to import diamonds for certification and grading, followed by re-export. The procedure mandates a general bond, detailed import documentation, unique identification numbers for diamonds, and a certification process ensuring the same diamonds are re-exported. The process includes compliance with RBI guidelines for foreign exchange realization and allows customs audits. Diamonds must be re-exported within three months, and imports and re-exports must occur through the same port. Quarterly statements are required, and publicity of these guidelines is advised.
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