TMI BlogDuty free re-import of cut & polished diamonds into India after certification/grading by the laboratories / agencies as notified in the Foreign Trade Policy.X X X X Extracts X X X X X X X X Extracts X X X X ..... rest so to do, hereby exempts cut and polished diamonds falling within chapter 71 of the First schedule to the Customs Tariff Act, 1975 (51 of 1975) , when re-imported into India after certification/grading by the laboratories / agencies as notified in the Foreign Trade Policy in this regard, from the whole of the duty of customs leviable thereon which is 6 [ specified in the First Schedule and from the whole of integrated tax leviable under sub-section (7) of section 3 of the Customs Tariff Act,1975 ], subject to fulfillment of the following conditions namely:- i) Cut and polished diamonds are re-imported by gems and jewellery exporters having a track record of at least three years and having an annual average turnover of five c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... iii),(iv) and(v) specified herein above and in the Foreign Trade Policy and Handbook of Procedures. ] 5 [Explanation. - Foreign Trade Policy means Foreign Trade Policy, 2023 notified by the Gov ernment of India, Ministry of Commerce and Industry published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub- section (ii) vide Notification No 1/2023, dated the 31st March, 2023 .] F.No.354/4/2012-TRU [Raj Kumar Digvijay] Under Secretary to the Government of India ------------------------------------------------- Notes:- 1. Substituted vide Notification No. 11 /2013-Customs, dated 01/03/2013. , before it was read as :- Explanation. - (1) For the purposes of condition No. v), ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... No.1/2009-2014, dated the 27th August, 2009 , as amended from time to time. ] 6. Substituted vide Not. 60/2017 - Dated 30-6-2017, 1st July, 2017 , before it was read as, specified in the said First Schedule 7. Inserted vide NOTIFICATION No. 30/2020 - Customs dated 10-07-2020 8. Substituted vide Notification No. 28/2023 Customs, dated 01.04.2023 , before it was read as, 4.74 of Handbook of Procedures 2015-2020 9. Substituted vide Notification No. 28/2023 Customs, dated 01.04.2023 , before it was read as, 5 [Explanation. - For the purposes of this notification, Foreign Trade Policy means the Foreign Trade Policy, 2015-2020 , published by the Government of India in the Ministry of Commerce and Industr ..... X X X X Extracts X X X X X X X X Extracts X X X X
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