IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 16 Jan 2012 | Removal date: open ended
Still in force

Import tariff

A basic customs duty of 2% on import of cut & polished diamonds has been imposed by the Department of Revenuewith effect from 16.1.2012. Such duty will not be applicable on re-import of cut & polished diamonds (each of 0.25 carat or more)sent for certification/ grading abroad to the following laboratories:

  1. Indian Diamond Institute, Surat, Gujarat;
  2. American Gem Society Laboratories (AGS Laboratories),8917 West SaharaAvenue, Las Vegas, Nevada 89117;
  3. Central Gem Laboratory, Miyagi Building, 5-15-14 Ueno Taito-Ku, Tokyo, Japan;
  4. Diamond Trading Company, Maidenhead, UK;
  5. European Gemological Laboratory (EGL), USA;
  6. Gemological Institute of America (GIA), USA;
  7. Hoge Road Voor Diamond, Antwerp, (HRD);
  8. International Diamond Laboratories DMCC, Dubai.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

163 Precious & semi-precious stones; natural abrasives; other minerals
7102 Diamonds, whether or not worked, but not mounted or set.
710210 Unsorted
710231 Unworked or simply sawn, cleaved or bruted
382 Jewellery & related articles
7102 Diamonds, whether or not worked, but not mounted or set.
710239 Other

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