Foreign Exchange Management Act, 1999 – Import of rough, cut and polished diamonds

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..... polished diamonds Attention of Authorised Dealer Category - I (AD Category - I) banks is invited to the A.P.(DIR Series) Circular No.12 dated August 28 ,2008, in terms of which AD Category - I banks were permitted to approve Suppliers' and Buyers' credit (trade credit), including the usance period of Letters of Credit for import of platinum, palladium, rhodium and silver for a period not exceedi .....

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..... age. All other instructions relating to imports of rough, cut and polished diamonds shall continue. 4. The earlier instructions issued for direct import of gold vide A.P.(DIR Series) Circular No.2 dated July 9,2004 , import of platinum / palladium/ rhodium /silver vide A.P.(DIR Series) Circular No.12 dated August 28,2008 and advance remittance for import of rough diamonds, vide A.P.(DIR Series) C .....

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