ANNOUNCEMENT 16 Jan 2012

In January 2012, the government of India announced a change in import duties.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



http://164.100.9.245/Exim/2000/NOT/NOT11/not10010.htm 'in http://www.dgft.gov.in/'


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 SECTORS

 

AFFECTED PRODUCTS