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

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..... s and gemstones for import and re-export therefrom- reg. Attention of Importers, CHAs, nominated agencies (MMTC, HHEC, STC, PEC, STCL Ltd, MSTC Ltd, DIL, G & J EPC, star trading house (only for Gem & Jewellery Sector) or Premier Trading House under para 3.10.2 of Foreign Trade Policy and any other agency authorized by RBI), Associates and others are invited to erstwhile scheme for setting up priv .....

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..... d for bonding of diamonds and gemstones for import and export there form. 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 Accordingly, the circular No. 28/98-Cus dated 24.04.1998 stands withdrawn to the above extent. 5.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 existing warehouses to surrender the bonding license, a period of t .....

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