Bulk licence conditions for rough diamonds require supply to authorised holders or re export within a specified time and compliance. Bulk licences for rough diamonds permit import from any source with an obligation to supply such diamonds to holders of valid REP/Diamond Imprest Licences, EOU/EPZ units or to re export them; such supply or re export must be completed within twelve months. Eligibility for bulk licences is restricted to specified public enterprises and to private exporters or overseas companies meeting prescribed export or turnover thresholds. Private and public bonded warehouses in EPZ/DTA may handle import, re export and DTA sales of rough and uncut precious and semi precious stones against REP/GEM REP/Diamond Imprest Licences, subject to customs duty and procedural requirements, and cut and polished gems must meet a minimum value addition requirement.
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.
Bulk licence conditions for rough diamonds require supply to authorised holders or re export within a specified time and compliance.
Bulk licences for rough diamonds permit import from any source with an obligation to supply such diamonds to holders of valid REP/Diamond Imprest Licences, EOU/EPZ units or to re export them; such supply or re export must be completed within twelve months. Eligibility for bulk licences is restricted to specified public enterprises and to private exporters or overseas companies meeting prescribed export or turnover thresholds. Private and public bonded warehouses in EPZ/DTA may handle import, re export and DTA sales of rough and uncut precious and semi precious stones against REP/GEM REP/Diamond Imprest Licences, subject to customs duty and procedural requirements, and cut and polished gems must meet a minimum value addition requirement.
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