Re-export of diamonds from private bonded warehouse

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....er of Customs, Ahmedabad that Private Bonded Warehouses (PBW) areset up under Para 9.21 of the Exim Policy as per the permission given by the concerned Development Commissioner and the Board of Approval. The PBW was allowed to import rough diamonds and sale it in the DTA against the REP Licences, NAW, the RBW intended to re-export a part of its unsold rough diamond. The Commissionerate further bro....

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....xim Policy. 3. Notwithstanding, the provisions of Para 8.13 of the Exim Policy, the bonded warehouses whether they are in the ICD/ EPZ or DTA are licensed under Section 58 of the Customs Act, 1962 and operating under Chapter-IX of the Customs Act. Section 69 provides specifically that the warehoused goods, may be exported to place outside India without payment of import duty on submission of a s....