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Special Notified Zone operations for rough-diamond viewing, auction and sale are permitted at Surat International Diatrade Centre in Surat Diamond Bourse, subject to written Customs authorisation, approval of the premises as a customs area, and appointment of the proposed custodian upon compliance with cargo-handling requirements. Eligible foreign mining companies may import rough diamonds only by air cargo, supported by prescribed value, insurance and Kimberley Process documentation. Sold whole lots require buyer-filed bills of entry, valuation based on the mining company's sale invoice, duty payment and out-of-charge before removal. Unsold lots must be re-exported under a shipping bill within 75 days. SIDC and the custodian bear responsibility for security, custody, accounting, delivery and re-export; the former site is to be de-notified after operationalisation.
Special Notified Zone operations for rough-diamond viewing, auction and sale are permitted at Surat International Diatrade Centre in Surat Diamond Bourse, subject to written Customs authorisation, approval of the premises as a customs area, and appointment of the proposed custodian upon compliance with cargo-handling requirements. Eligible foreign mining companies may import rough diamonds only by air cargo, supported by prescribed value, insurance and Kimberley Process documentation. Sold whole lots require buyer-filed bills of entry, valuation based on the mining company's sale invoice, duty payment and out-of-charge before removal. Unsold lots must be re-exported under a shipping bill within 75 days. SIDC and the custodian bear responsibility for security, custody, accounting, delivery and re-export; the former site is to be de-notified after operationalisation.
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TaxTMI 
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