Withdrawal of bonded warehouse scheme bars new licensing for diamond and gemstone bonding; existing warehouses face transitory regulatory control. Setting up bonded warehouse facilities for import and re-export of diamonds and gemstones is disallowed following deletion of the scheme from the Foreign Trade Policy; no new bonded warehouse licences for these goods may be granted and prior authorisation is withdrawn. A three-month transitory period requires existing warehouses to surrender bonding licences, treats diamonds and gemstones as dutiable for regulatory control with ex-bonding procedures to apply, and prohibits fresh bonding in existing warehouses.
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.
Withdrawal of bonded warehouse scheme bars new licensing for diamond and gemstone bonding; existing warehouses face transitory regulatory control.
Setting up bonded warehouse facilities for import and re-export of diamonds and gemstones is disallowed following deletion of the scheme from the Foreign Trade Policy; no new bonded warehouse licences for these goods may be granted and prior authorisation is withdrawn. A three-month transitory period requires existing warehouses to surrender bonding licences, treats diamonds and gemstones as dutiable for regulatory control with ex-bonding procedures to apply, and prohibits fresh bonding in existing warehouses.
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