Foreign Exchange Management Act,1999 - Import of precious and semi precious stones- Clarification

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....ir, Foreign Exchange Management Act,1999 - Import of precious and semi precious stones- Clarification Attention of Authorised Dealer Category - I (AD Category - I) banks is invited to the provisions contained in A.P.(DIR Series) Circular No.34 dated September 24, 2012, in terms of which AD Category - I banks have been permitted to approve Suppliers' and Buyers' Credit (trade credit) includin....

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....f rough diamonds, vide A.P.(DIR Series) Circular No.21 dated December 29, 2009, import of rough,cut and polished diamonds vide A.P.(DIR Series) Circular No.59 dated May 6, 2011 andimport of gold in any form including jewellery made of gold/ precious metal or and studded with diamonds/semi precious/ precious stone vide A.P.(DIR Series) No. 34 dated September 24, 2012 shall remain unchanged. 4. A....