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Bonded warehouses for diamonds import and re-export

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..... h diamonds etc. I am directed to refer to the Notification No. 39/1997-2002 dt. 26th February, 19981 issued by the DGFT (copy enclosed for ready reference). The scheme under pare 8.13 of the EXIM Policy provides for setting up Private/ Public Bonded warehouses in EPZ/ DTA for import and re-expot of cut & polished diamonds, cut & polished coloured gemstones, import and re-export of rough diamond .....

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..... n by the REP or GEM REP or Diamond Imprest Licence holder as the case may be filing ex-bond Bill of Entry or Bill of Entry for home consumption. It can also be taken by an EOU or EPZ unit on filing ex-bond Bill of Entry. Such Bill of Entry would not be required to be referred to the licensing authority. (iii) Although rough diamonds at present are chargeable to Nil rate of duty, for the purpose .....

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..... ntain a running bond account with the Customs House so that he does not have to file separate bond for each Bill of Entry. (vi) The warehouse licence holder shall be responsible for the safe keeping of the goods, for making physical delivery thereof to the users, as the case may be, against duty assessed Bills of Entry on which exbond clearance has been allowed by the proper officer, and for ren .....

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..... expiry of the period prescribed in the EXIM Policy, the Assistant Commissioner may proceed to recover the amount of Customs duty leviable on the quantity of goods released to the exporter free of duty. (viii) Separate Bond/Stock Account register in the form, Annexure-I and Stock Card in the form, Annexure-II is to be maintained by the each Licensee. The details are to filled on the date of tran .....

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..... of goods Amount of Duty B / E No. & date S / B No. & date Receiver's name & address Balance Bonder's sing. Bond Officer sing. (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) ANNEXURE - II Proforma of Stock Card to be maintained by the licensee for each Stock 1. Bonder's Name 2. Date of Warehousing 3. Bond register & page number 4. Description of goods Bond No. & date .....

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