TaxTMI 
TaxTMI 
TaxTMI 
Exemption to cut and polished diamonds and Gem Stones, as the case may be, when imported into India by the holders of Diamond Imprest Licences
X X X X Extracts X X X X
X X X X Extracts X X X X
....ces Notification No. 42/99-Cus., dt. 28.4.99 In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government being satisfied that it is necessary in the public interest so to do, hereby exempts the cut and polished diamonds and Gemstones falling under Chapter 71 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....xport House as categorized in para 5[1.26] of the Foreign Trade Policy and in respect of the goods imported, the importer is the actual user within the meaning of para 6[11.03] of the Foreign Trade Policy; (ii) the maximum weight of any individual piece, in a consignment, of cut and polished diamonds so imported shall not be more than 25 cents or 1/4th of a carat and the entitlement of exemption....
X X X X Extracts X X X X
X X X X Extracts X X X X
....d Industry, published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub- section (ii) vide Notification No 01/2023, dated the 31st March, 2023.] 8[(ii) (ii) 'Handbook of Procedures' means Handbook of Procedures, 2023 notified by the Government of India, Ministry of Commerce and Industry, published in the Gazette of India, Extraordinary, Part- I, Section-I vide Public Notice No 1/20....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ment of India in the Ministry of Commerce and Industry published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub section (ii) vide notification No. 1/2009-2014, dated the 27th August, 2009, as amended from time to time. (ii) 'Handbook of Procedures (Volume-I)' means Handbook of Procedures (Volume-I) notified by the Government of India in the Ministry of Commerce and Indust....