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Govt extends time for duty-free import of diamonds sent for certification

The extended time period would be available to exporters to bring back cut and polished diamonds after due certification and grading by specified laboratories abroad

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CBIC added that the re-import in the extended period would be without payment of Basic Customs Duty and IGST.

2 min read Last Updated : Jul 12 2020 | 9:39 PM IST

The government on Sunday said it has relaxed the deadline for re-import of cut and polished diamonds that have been sent abroad for certification and grading by three months in the wake of Covid-19 pandemic.

The three-month extension shall apply to all cut and polished diamonds that should have been re-imported between February 1 to July 31 this year but which could not be brought back due to disruption on account of coronavirus pandemic situation, the Central Board of Indirect Taxes and Customs (CBIC) said in a statement.

The extended time period would be available to exporters to bring back cut and

Topics : Customs duty diamond imports Duty-free CBIC IGST

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