Private/Public Bonded Warehouse for Diamonds/Coloured Gemstones under Para 8.13 of Exim Policy 1997-2002 - Clarification regarding

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..... amonds/Coloured Gemstones under Para 8.13 of Exim Policy 1997-2002 - Clarification regarding. A point has been raised as to whether the facility of Private Bonded Warehouses as envisaged under Para 8.13 of Exim Policy 1997-2002 is to be provided only to the holders of Bulk Licences under Para 8.10 of said Policy or to any other exporter. 2. The matter has been examined in consultation with th .....

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..... Licences are meant for ensuring the availability of rough diamonds to the exporters of cut & polished diamonds and are issued for import of rough diamonds only, the Private Bonded Warehouses are meant for making India a Trading Centre of diamonds and coloured gemstones and both the rough as well as cut & polished diamonds/coloured gemstones can be imported into such Warehouse. Therefore, it is cla .....

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..... d Circulars. 4. In Board's Circular No. 99/95, dated 20.9.95, a provision has been made for obtaining cash deposit or Bank Guarantee equal to 25% of the duty liability. In order to safeguard Government Revenue, it has been decided that Private Bonded Warehouse under Para 8.13 will be required to give security by way of cash deposit or Bank Guarantee equal to 50% of the duty liability instead of .....

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