| Date: |
28-06-1999
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| Notification No: |
Customs Circular No 40/1999
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| Issuing Authority: |
Indian Customs
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| Type: |
Circular
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| File No: |
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| Subject: |
Regarding functioning of Private/ Public Bonded Warehouse under Paragraph 8.13 of the Exim Policy 1997-2002 - Allowing the activities of mixing sieving, assortment & cleaning etc, in respect of Imported cut & polished diamond and cut & polished coloured g
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Regarding functioning of Private/ Public Bonded Warehouse under Paragraph
8.13 of the Exim Policy 1997-2002 - Allowing the activities of mixing sieving,
assortment & cleaning etc, in respect of Imported cut & polished diamond
and cut & polished coloured g
Circular No. 40dated 28th June 1999
A doubt has
arisen as to whether the activities like mixing, sieving, assortment and
cleaning etc. in respect of imported cut and polished diamonds and cut and
polished coloured gemstones can be allowed to be carried out in the private/
public bonded warehouses set-up under Paragraph 8.13 of the Import and Export
Policy, 1997-2002, before being re-exported.
2. The
issue has been examined in consultation with the Ministry of Commerce and they
have clarified that the activities of mixing, sieving, assortment and cleaning
etc. are allowed in respect of imported cut and polished diamonds and cut &
polished coloured gemstones in the private/ public bonded warehouses set up
under paragraph 8.13 of the Exim Policy. This would enable the exporter to
achieve value addition norms of minimum 5% as stipulated in the said Policy.
However, the activities of mixing, sieving, assortment and cleaning would be
restricted to individual consignment only and mixing of different consignments
for the purpose of carrying out the activities of assortment, sieving and
cleaning shall not be permitted.
3. You
are requested to kindly issue suitable instructions to the field formations
under your charge and problems, if any, faced during implementation may kindly
be brought to the notice of the Board.
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