| Date: |
22-11-2019
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| Notification No: |
A.P. (DIR Series) Circular No. 10
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| Issuing Authority: |
RBI
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| Type: |
Circular
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| File No: |
RBI/2019-20/103 |
| Subject: |
Re-export of unsold rough diamonds from Special Notified Zone of Customs without Export Declaration Form (EDF) formality
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RBI/2019-20/103
A.P. (DIR Series) Circular No. 10
November 22, 2019
To
All Category-I Authorised Dealer Banks
Re-export of unsold
rough diamonds from Special Notified Zone of Customs without Export Declaration
Form (EDF) formality
Attention of Authorised Dealer Category – I banks
(AD banks) is invited to the
A.P. (DIR Series) Circular No.1 dated July 02,
2015.
2. It has been decided to modify the provisions contained in para 4
of the above A.P. (Dir Series) Circular, as under:-
For the lot/ lots
cleared at the center/s which are duly notified under Customs Act, 1962 /
specified by the Central Board of Indirect Taxes & Customs, Department of
Revenue, Ministry of Finance, Government of India for the above purpose, Bill of
Entry shall be filed by the buyer. AD bank may permit such import payments after
being satisfied with the bona-fides of the transaction. Further, AD bank shall
also maintain a record of such transactions.
3. All other terms &
conditions mentioned in the
A.P. (DIR Series) Circular No.1 dated July 02, 2015
remain unchanged.
4. Authorised Dealers may bring the contents of this
circular to the notice of their constituents concerned.
5. The directions
contained in this circular have been issued under Section 10(4) and Section
11(1) of the FEMA, 1999 (42 of 1999) and are without prejudice to permissions /
approvals, if any, required under any other law.
Yours faithfully,
(Sharmila Thakur)
General Manager
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