Diamond Imprest Licence for cut and polished diamonds

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....re to this Public Notice along with the documents prescribed therein. In addition, the exporter shall furnish: i. Declaration giving the name and address of his bankers; ii. Certificate from his bankers to the effect that realisation of export proceeds against exports made by the exporter are not outstanding for a period of more than six months. Export obligation: Holder of such Diamond Imprest Licence shall achieve a minimum value addition of 10%. While discharging export obligation, the quantity of diamonds imported against such licence shall be accounted for in the caratage. Cut and polished Diamonds exported for discharge of export obligation need not necessarily be the same as imported under this licence, as paragraph 4.4.16 of th....

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....riod of four months against one or more consignment on payment of penalty of 1% on the unfulfilled FOB value of export obligation with reference to CIF value of the imports made for which extension is being sought. Any request for extension beyond a period of four months can be considered only by a Committee headed by the Director General of Foreign Trade. Regularisation of Bonafide Default: The cases of bonafide default in fulfilment of export obligation by an exporter who has obtained Diamond Imprest Licence may be regularised provided the exporter has paid customs duty along with 15% interest thereon to the Customs on the unutilised diamonds. Transitional arrangements: Diamond Imprest Licences for rough diamonds, where imports have al....

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................ ..................................... 2. IEC Number :.................................... 3. Application for :.................................... 4. FOB Value of export (US$) :..................................... 5. CIF Value of licence applied for (US$):................................... 6. Application Fee : Rs.................................. 7. Bank Recpt./DD No . :.....................date. ............ Issued by :.................................... 8. Status of Exporter: a) EH/TH/STH/SSTH valid upto :....................................... b) Certificate No. :....................................... 9. Amount of Commission or discount, :..................................... if any : 10.Export performance i....