ANNOUNCEMENT 16 Jan 2012In January 2012, the government of India announced a change in import duties.
NUMBER OF INTERVENTIONS
http://188.8.131.52/Exim/2000/NOT/NOT11/not10010.htm 'in http://www.dgft.gov.in/'
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: