TMI BlogSeeks to hereby exempts rough diamonds and other precious or semi-precious stonesX X X X Extracts X X X X X X X X Extracts X X X X ..... by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts rough diamonds and other precious or semi-precious stones, unset and uncut, falling under Chapter 71 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India, from the whole of the d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... licence issued under and in accordance with paragraph 8.37 of the Export and Import Policy read with paragraphs 8.82 to 8.84 [A] of the Handbook of Procedures, Vol. I; or v. Gem Replenishment Licence issued under and in accordance with paragraph 8.38 of the Export and Import Policy ; (b) in case of rough diamonds imported under S.Nos. (ii) or (iii) of para (a) above, the importer executes a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (c) the importer shall maintain a proper account of import, consumption and utilization of the said goods and exports made by him, as the case may be, and shall submit such account to the said Deputy Commissioner or Assistant Commissioner of Customs, as the case may be, in such form, in such manner, at such intervals and within such time, as may be specified by the Commissioner of Customs in th ..... X X X X Extracts X X X X X X X X Extracts X X X X
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