https://www.taxtmi.com/circulars?id=1312 Notification No. 35/2001-Cus exempts raw pearls, rough diamonds and other precious or semi-precious stones imported under Chapter 8 licences and clarifies procedural safeguards: replenishment licences require no bond or bank guarantee; diamond imprest imports carry export obligations with bond-only acceptance for qualifying exporters and bond plus partial bank guarantee for others; DGFT monitoring and certification will be relied upon for discharge of obligations; Customs may demand duty proportionate to any shortfall. Bulk licence imports require bonds and duty may be charged for unaccounted quantities. en-us Fri, 30 Mar 2001 00:00:00 +0530 Sun, 20 Jan 2008 18:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=1312 Notification No. 35/2001-Cus exempts raw pearls, rough diamonds and other precious or semi-precious stones imported under Chapter 8 licences and clarifies procedural safeguards: replenishment licences require no bond or bank guarantee; diamond imprest imports carry export obligations with bond-only acceptance for qualifying exporters and bond plus partial bank guarantee for others; DGFT monitoring and certification will be relied upon for discharge of obligations; Customs may demand duty proportionate to any shortfall. Bulk licence imports require bonds and duty may be charged for unaccounted quantities. Circulars Customs Fri, 30 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/circulars?id=1312