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Bulk Licences for Rough Diamonds - Export Supply Conditions Changed
Notification
No. 9 dated 16th July 1998
In exercise of powers
conferred by section 5 of the Foreign Trade (Development and Regulation) Act,
1992 (No.22 of 1992) read with paragraph 1.3 of the Export and Import Policy.
1997-2002 (incorporating amendment made upto 1 3.4.98), the Central Government
hereby makes the following amendments in the Export and Import Policy 1997
-2002: (incorporating amendment made upto 13.4.98).
1.
Second sentence of Paragraph 8.10 is amended to read as follows:
"The
supply/ export of such rough diamonds shall be completed within a period of 12
months from the date of issuance of licence or within a period of 3 months from
the date of import whichever is later"
2.
Second sentence of Sub-paragraph (b) of Paragraph 8.20 is amended to read
as follows:
"Personal
carriage of gold/ silver/ platinum jewellery, precious, semi-precious stones,
beads and articles as samples upto US $ 100,000 for export promotion tours and
temporary display' abroad is also permitted with the approval of GJEPC subject
to the condition that the promoter would bring back the jewellery/ goods within
45 days from the date of departure."
3. This
issues in public interest.
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