GSTnews item20 May 2019

Importers protest recent circular from Customs office on rough diamonds

News Update

Importers protest recent circular from Customs office on rough diamonds

Published Date: May 21, 2019
Source: ICAI PD Committee
A recent circular from the Customs office has put on hold the import of rough diamonds, rue industry officials. The circular was issued a fortnight earlier. It says importers must specify the origin, size, shape, type, colour, etc, of each such diamond in the bill of entry or shipping bill. The Customs department has said the circular is a sequel to some recent incidents of suspected misdeclaration of value in import and export of rough diamonds.
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