https://www.taxtmi.com/circulars?id=3435 Diamond Imprest Licence permits specified imports of cut and related diamonds subject to banker declarations, documentary requirements and execution of a two year Legal Undertaking. Licence holders must effect a minimum 10% value addition, account imports and exports in caratage, import stones not exceeding one quarter carat, and comply with actual user and non transferability conditions; entitlements must be exhausted within the issuing year. Extensions and regularisation of defaults are subject to prescribed penalties and conditions, and transitional rules govern pre existing licences. en-us Sun, 31 Mar 2002 00:00:00 +0530 Thu, 27 Dec 2007 14:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=3435 Diamond Imprest Licence permits specified imports of cut and related diamonds subject to banker declarations, documentary requirements and execution of a two year Legal Undertaking. Licence holders must effect a minimum 10% value addition, account imports and exports in caratage, import stones not exceeding one quarter carat, and comply with actual user and non transferability conditions; entitlements must be exhausted within the issuing year. Extensions and regularisation of defaults are subject to prescribed penalties and conditions, and transitional rules govern pre existing licences. Circulars DGFT Sun, 31 Mar 2002 00:00:00 +0530 https://www.taxtmi.com/circulars?id=3435