Import and export in rough diamonds Amendment in policy conditions. Registration with Gems & Jewellery EPC compulsory
MINISTRY OF COMMERCE AND INDUSTRY
(Department of Commerce)
(DIRECTORATE GENERAL OF FOREIGN TRADE)
Notification No. 43/2015-2020
New Delhi, the 22nd November, 2021
Subject: Amendment in policy conditions governing import and export in rough diamonds falling under Chapter-71 of Schedule (I) of ITC(HS) 2017 and Schedule(II) of ITC(HS) 2018–reg.
S.O. 4794(E).—In exercise of powers conferred by Section 3 read with Section 5 of the FT(D&R) Act, 1992 and paragraph 1.02 and 2.01 of the Foreign Trade Policy, 2015-20, as amended from time to time, the Central Government hereby revises the policy conditions governing import and export of rough diamonds falling under Chapter-71 of Schedule (I) of ITC(HS) 2017 and Schedule (II) of ITC(HS) 2018 as under –
2. Policy condition No. 05 is inserted under chapter-71 of Schedule-I (Import Policy) of ITC (HS) 2017, as under:
Import of rough diamonds shall not be permitted unless the concerned importer is registered with Gems & Jewellery EPC, which is the designated importing and exporting authority of India for Kimberley Process Certification Scheme (KPCS).
3. Further, a Policy Condition No.01 is inserted in the Chapter-71 of Schedule-II (Export Policy) of ITC(HS) 2018, as under:
Export of rough diamonds shall not be permitted unless the concerned exporter is registered with Gems & Jewellery EPC, which is the designated importing and exporting authority of India for Kimberley Process Certification Scheme (KPCS).
Effect of this Notification: Import or export of rough diamonds shall not be permitted unless the concerned importer and exporter is registered with G&JEPC.
[ F. No. 01/89/180/36/AM-11/PC-2(A)/Part-II/E-1717]
AMIT YADAV,
Director General of Foreign Trade &
Ex-officio Additional Secy.
- Reassessment quashed as alleged transaction were reflected in Income Tax Returns
- EPFO invites RFP for appointment of CA Firm for FY 2024-25. Last date to apply: 31.03.2025
- Penalty quashed as show cause notice & personal hearing decided in 48 hours
- ITD can’t suo motu issue a new PAN when assesseee have a valid PAN
- For Sundry creditors creditworthiness is not an essential point for examination
