Notification No. 43 / 2015-2020 Dated. 22ndNovember , 2021
Issued By. DGFT
SubjectAmendment in policy conditions governing import and export in rough diamonds falling under Chapter-71 of Schedule (I) of ITC(HS) 2017 and Schedule (II) of ITC(HS) 2018– reg.
Central Government revises the policy conditions governing import and export of rough diamonds falling under ch-71 of Schedule I of ITC (HS) 2017 and Schedule II of ITC (HS) 2017.
Insertion of Policy Condition No. 05 under chapter 71 of Schedule I (Import policy) of ITC (HS) 2017 :
Import of rough diamonds shall not be permitted unless the concerned importer is registered with Gems & Jewellery Export Promotion Council (G&JEPC), which is the designated importing and exporting authority of India for Kimberly Process Certification scheme (KPCS).
Insertion of Policy Condition No. 01 under chapter 71 of Schedule II (Export policy) of ITC (HS) 2018 :
Export of rough diamonds shall not be permitted unless the concerned exporter is registered with Gems & Jewellery Export Promotion Council (G&JEPC), which is the designated importing and exporting authority of India for Kimberly Process Certification scheme (KPCS).
Analysis:
|
Sl No |
Particulars |
Remarks |
| 01 | Effect of the Notice | Import & Export of Rough Diamonds shall not be permitted unless the concerned importer & exporter is registered with G&JEPC. |
| 02 | Impact on KC | None |
| 03 | Impact on Trade & Industry | None |
| 04 | Action point | Upload on website and Intimate KC clients about the Notification |