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Re-export of unsold rough diamonds from Special Notified Zone of Customs without Export Declaration Form (EDF) formality.

FEMA - 01 - Dated:- 2-7-2015 - RBI/2015-16/110 A.P. (DIR Series) Circular No.1 July 02, 2015 To All Authorised Dealers in Foreign Exchange Re-export of unsold rough diamonds from Special Notified Zone of Customs without Export Declaration Form (EDF) formality Attention of the Authorised Dealers is invited to i) Regulation 3 of the Notification No. FEMA 23/2000-RB dated May 3, 2000 viz. Foreign Exchange Management (Export of Goods and Services) Regulations, 2000, as amended from time to time, in .....

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on manner of operation of the Special Notified Zone (SNZ) to enable and permit the trading of rough diamonds in India by the diamond mining companies as permitted in terms of A.P.(DIR Series) Circular No. 116 of April 01, 2014. 2. In order to facilitate re-export of unsold rough diamonds imported on free of cost basis at SNZ, it is clarified that the unsold rough diamonds, when re-exported from the SNZ (being an area within the Customs) without entering the Domestic Tariff Area (DTA), do not req .....

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