Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
Pursuant to powers under s.25(1) of the Customs Act, 1962, the Central Government has amended Notification No. 9/2012-Customs dated March 9, 2012. The amendment modifies condition (v) by substituting a new proviso that permits specific variances for diamonds: +/-0.05 mm in diameter for round diamonds, +/-0.07 mm in length and breadth for other shapes, +/-0.01 mm in height, and +/-1 cent in weight. This modification, implemented through Notification No. 18/2025-Customs dated March 20, 2025, was deemed necessary in the public interest and provides greater tolerance parameters for diamond specifications in customs matters.
Pursuant to powers under s.25(1) of the Customs Act, 1962, the Central Government has amended Notification No. 9/2012-Customs dated March 9, 2012. The amendment modifies condition (v) by substituting a new proviso that permits specific variances for diamonds: +/-0.05 mm in diameter for round diamonds, +/-0.07 mm in length and breadth for other shapes, +/-0.01 mm in height, and +/-1 cent in weight. This modification, implemented through Notification No. 18/2025-Customs dated March 20, 2025, was deemed necessary in the public interest and provides greater tolerance parameters for diamond specifications in customs matters.
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