Excise/Custom

Relaxation of Additional qualifiers for import/export of Lab Grown Diamonds

For export of Lab Grown Diamonds (HPHT/CVD) weighing less than one carat, declaration of additional qualifiers will only be voluntary – CBIC

Mandatory additional qualifiers in import/export declarations in respect of Synthetic or Reconstructed Diamonds.

CBIC vide Circular No. 21/2024-Customs dated 30.10.2024 had advised importers/exporters for the mandatory additional qualifiers in import/export declarations in respect of synthetic or reconstructed diamonds (Lab Grown Diamonds) for better identification of these goods with improved quality of assessment,intervention and facilitation.2.

CBIC noticed that exporters are facing challenges regarding mandatory declaration of additional qualifiers in case of export of Lab Grown Diamonds(HPHT/CVD)  weighing  less  than  one  carat. 

CBIC took note that the identification or differentiation of these diamonds during export is resulting in increased dwell time. Field formation is also of the opinion that the exemption may be provided to the exporters from mandatory declaration of additional qualifiers for the export of LGDs (HPHT/CVD) weighing less than one carat.

In view of the challenges faced by the exporters, CBIC has issued Circular No. 03/2025-Customs dated 29.01.2025 to provide that in case of export of Lab Grown Diamonds (HPHT/CVD) weighing less than one carat, declaration of additional qualifiers will only be voluntary. For all other cases, the mandatory additional qualifiers will remain applicable.

Share

Recent Posts

  • Income Tax

Relief u/s 89(1) available even if arrears received on Voluntary Retirement

Relief u/s 89(1) available even when arrears were received in addition to compensation for Voluntary Retirement - ITAT In a…

2 minutes ago
  • RTI

Husband’s income details can not be disclosed to wife under RTI Act

Husband’s income details can not be disclosed to wife under RTI Act being his personal information – High Court In…

17 hours ago
  • Companies Act

ABCAUS Excel Depreciation Calculator FY 2025-26 under Companies Act 2013 -Download

ABCAUS Excel Depreciation Calculator FY 2025-26 under Companies Act 2013 as per Schedule-II Version 05.05 The maiden ABCAUS Excel Companies…

19 hours ago
  • RBI

Distribution of portfolios of RBI Deputy Governors w.e.f. 04.05.2026

Distribution of portfolios of RBI Deputy Governors w.e.f. 04.05.2026 on assumption of charge by Shri Rohit Jain Shri Rohit Jain…

20 hours ago
  • Income Tax

Merely twofold increase in share prices no reason to doubt or disbelieve the transaction

Merely because share prices doubled, it may not have given rise to any doubt to disbelieve the transaction – High…

2 days ago
  • Income Tax

Income tax authority duty bound to comply with the decision of Supreme Court

It is the bounden duty of income tax authority to comply with the decision of the Supreme Court – High…

2 days ago