Setting up Private/Public bonded warehouse for diamonds and gemstones for import and re-export therefrom- reg.

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....Setting up Private/Public bonded warehouse for diamonds and gemstones for import and re-export therefrom- reg. Attention of Importers, CHAs, nominated agencies (MMTC, HHEC, STC, PEC, STCL Ltd, MSTC Ltd, DIL, G & J EPC, star trading house (only for Gem & Jewellery Sector) or Premier Trading House under para 3.10.2 of Foreign Trade Policy and any other agency authorized by RBI), Associates and ot....

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....no new private/public bonded warehouse license can be allowed for bonding of diamonds and gemstones for import and export there form. Further, such a facility can also not be allowed for non-dutiable goods in term of section 57 of the Customs Act, 1962. 4. Accordingly, the circular No. 28/98-Cus dated 24.04.1998 stands withdrawn to the above extent. 5. As a transitory arrangement for the exi....