Notification No. 21 dated 26th
December 2002 (As amended by Notification No. 23 dated 10th January
2003)
In exercise
of powers conferred by Section 5 of the Foreign Trade (Development and
Regulation) Act, 1992 (No. 22 of 1992) read with paragraph 1.1 of the Export
and Import Policy, 2002-2007, the Central Government hereby amends the Export
and Import Policy, 2002-2007 as under:
1.������� A sub-para is added at the end of
paragraph 2.2 as under: -
"No
import or export of rough diamonds shall be permitted, unless the shipment
parcel is accompanied by Kimberley Process (KP) Certificate/ letter of comfort
required under the procedure specified by the Gem and Jewellery Export
Promotion Council (GJEPC)"
2.���� In exercise of powers
conferred under Section 5 of the Foreign Trade (Development & Regulation)
Act, 1992 read with paragraph 2.1 of Export & Import Policy, 2002-2007, the
Central Government hereby makes the following amendments in the ITC (HS)
Classification of Export and Imports items, 2002-2007: -
In
the Import Licensing Notes at the end of Chapter-71, after Note 3, the
following further note shall be added: -
"4.
Import of rough diamonds covered under this Chapter must be accompanied by
Kimberley Process (KP) Certificate/ letter of comfort."
3.���� The above amendments shall
be effective from 1-1-2003. The provision for Letter of Comfort as an alternative
to the KP Certificate will be in force for a period of two months only
beginning 1.1.2003 in order to provide for transitional arrangement
4.���� This issues in public
interest.