Exemption to cut and polished diamonds and Gem Stones, as the case may be, when imported into India by the holders of Diamond Imprest Licences - 42/1999 - Customs -Tariff

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Exemption for cut and polished diamonds allows duty-free import by replenishment authorisation holders subject to re-export and bond conditions. Holders of Replenishment Authorisations may import cut and polished diamonds and gemstones duty-free up to a prescribed proportion of prior-year FOB exports, exempting them from basic and specified additional customs duties, provided the importer is a Star Export House and actual user, individual diamonds do not exceed 25 cents, the entitlement is non-transferable, and the importer executes a bond to re-export within one year or pay duties and penalties on quantities not re-exported.

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.

Exemption for cut and polished diamonds allows duty-free import by replenishment authorisation holders subject to re-export and bond conditions.

Holders of Replenishment Authorisations may import cut and polished diamonds and gemstones duty-free up to a prescribed proportion of prior-year FOB exports, exempting them from basic and specified additional customs duties, provided the importer is a Star Export House and actual user, individual diamonds do not exceed 25 cents, the entitlement is non-transferable, and the importer executes a bond to re-export within one year or pay duties and penalties on quantities not re-exported.

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Exemption to cut and polished diamonds and Gem Stones, as the case may be, when imported into India by the holders of Diamond Imprest Licences - 42/1999 - Customs -Tariff

Exemption for cut and polished diamonds allows duty-free import by replenishment authorisation holders subject to re-export and bond conditions.

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Exemption to cut and polished diamonds and Gem Stones, as the case may be, when imported into India by the holders of Diamond Imprest Licences - 42/1999 - Customs -Tariff

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Exemption for cut and polished diamonds allows duty-free import by replenishment authorisation holders subject to re-export and bond conditions.

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