Setting up Private/Public bonded warehouse for diamonds and gemstones for import and re-export therefrom-reg.

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..... Department of Revenue Central Board of Excise Customs Directorate General of Export Promotion New Delhi , the 24th November, 2009 All Chief Commissioners of Customs/Central Excise, All Commissioners of Customs /Central Excise. Madam /Sir Sub: Setting up Private/Public bonded warehouse for diamonds and gemstones for import and re-export therefrom-reg. Attention is inv .....

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..... no new private/public bonded warehouse license can be allowed for bonding of diamonds and gemstones for import and export thereform. Further, such a facility can also not be allowed for non-dutiable goods in term of section 57 of the Customs Act, 1962 . 4. Accordingly, the circular No. 28/98-Cus. dated 24.04.1998 stands withdrawn to the above extent. 5. As a transitory arrangement for the .....

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