Government of India
Ministry of Commerce & Industry
Department of Commerce
Udyog Bhawan
Notification No. 100 (RE-2010) /2009-2014
New Delhi, Dated 28th February, 2012
Subject: Duty exemption on re-import of Cut & Polished Diamonds sent abroad
for Certification/ Grading
S.O (E) In exercise of the powers conferred by Section 5 of the Foreign Trade
(Development & Regulation) Act, 1992, as amended, read with paragraph 1.3 of the
Foreign Trade Policy, 2009-2014, the Central Government hereby adds paragraph
4A.2.1 and 4A.2.2 in Chapter 4 of Foreign Trade Policy, 2009-2014 (RE 2010).
Export of Cut & Polished Diamonds for Certification/ Grading & Re-import
4A.2.1 Following are authorized laboratories for certification/ grading of
diamonds of 0.25 carat and above:
- Indian Diamond Institute, Surat, Gujarat;
- American Gem Society Laboratories (AGS Laboratories),8917 West Sahara
Avenue, Las Vegas, Nevada 89117;
- Central Gem Laboratory, Miyagi Building, 5-15-14 Ueno Taito-Ku, Tokyo,
Japan;
- Diamond Trading Company, Maidenhead, UK;
- European Gemological Laboratory (EGL), USA;
- Gemological Institute of America (GIA), USA;
- Hoge Road Voor Diamond, Antwerp, (HRD);
- International Diamond Laboratories DMCC, Dubai.
- The Robert Mouawad Campus, International Gemological Institute (IGI)
USA; and
- World Diamond Centre of Diamonds High Council, Antwerp, Belgium;
4A.2.2 An exporter (with annual export turnover of Rs 5 crores for each of
the last three years) may export cut & polished diamonds (each of 0.25 carat or
more) abroad to any of the above agencies/ laboratories with re-import facility
at zero duty within 3 months from the date of export. Such facility of export
and subsequent re-import at zero duty will be subject to guidelines issued by
CBEC, Department of Revenue.
2. Effect of the Notification:
Basic Customs Duty of 2% on import of cut & polished diamonds has been
imposed by the Department of Revenue with effect from 16.1.2012 vide
Notification No.01/2012. Such duty will not be applicable on re-import of cut &
polished diamonds (each of 0.25 carat or more) sent for certification/ grading
abroad to the above laboratories. (Earlier also similar provision existed in FTP
which was deleted after the Basic Customs Duty on cut and polished diamonds was
brought down to zero.)
Sd/-
(Anup K. Pujari)
Director General of Foreign Trade
E-mail: [email protected]
(Issued from File No.01/94/180/409/AM12/PC-4)