Re-export of unsold rough diamonds from Special Notified Zone of Customs without Export Declaration Form (EDF) formality.

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.... in Foreign Exchange Re-export of unsold rough diamonds from Special Notified Zone of  Customs without Export Declaration Form (EDF) formality Attention of the Authorised Dealers is invited to i) Regulation 3 of the Notification No. FEMA 23/2000-RB dated May 3, 2000 viz. Foreign Exchange Management (Export of Goods and Services) Regulations, 2000, as amended from time to time, in terms ....

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....ee of cost basis at SNZ, it is clarified that the unsold rough diamonds, when re-exported from the SNZ (being an area within the Customs) without entering the Domestic Tariff Area (DTA), do not require any EDF formality. 3. Entry of consignment containing different lots of rough diamonds into the SNZ should be accompanied by a declaration of notional value by way of an invoice and a packing lis....