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Exemption of Customs Duty.

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....xemption of Customs Duty. <br>News and Press Release<br>Dated:- 4-5-2012<br><BR>Press Information Bureau Government of India Ministry of Finance 04-May-2012 16:56 IST Exemption of Customs Duty Cu....

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....t and polished diamonds sent abroad and re-imported after certification/ grading by the laboratories/ agencies as notified in the Foreign trade Policy have been exempted from two percent basic customs....

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.... duty with effect from 9.3.2012. The exemption is a facilitation measure to ensure that the domestic cutting and polishing industry does not suffer additional duty burden owing to the utilization of g....

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....rading and certification services abroad. This information was given by the Minister of State for Finance, Shri S.S. Palanimanickam in written reply to a question in the Lok Sabha today. SS//SL<BR> ....

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....News - Press release - PIB....