MANU/CUCR/0036/2019
Ministry : Ministry of Finance
Department/Board : Central Board of Excise and Customs
Circular No. : 36/2019-Customs
Date : 31.10.2019
Notification/ Circulars Referred : Circular No. 17/2015 dated 26.05.2015 MANU/CUCR/0018/2015;RBI's Circular No. 116 dated 1.4.2014 MANU/APDR/0035/2014;Circular no. 53/2003-Cus dated 23rd June, 2003 MANU/CUCR/0068/2003
Subject: Excise
Subject: Customs
Citing Reference:
Circular No. 17/2015 dated 26.05.2015 MANU/CUCR/0018/2015 Referred
RBI's Circular No. 116 dated 1.4.2014 MANU/APDR/0035/2014 Referred
Circular no. 53/2003-Cus dated 23rd June, 2003 MANU/CUCR/0068/2003 Referred
All Principal Chief Commissioners/Chief Commissioners
Principal Directors General/Directors General
Principal Commissioners/Commissioner of Customs
Madam/Sir,
Import, trading and re-export of rough diamonds by notified entities in Gujarat Hira Bourse, Ichhapore Surat-Reg
Representations have been received from the Gems and Jewellery Export Promotion Council for setting up a Special Notified Zone at Surat in lines with the Special Notified Zone at Bharat Diamond Bourse, Mumbai permitted vide Circular No. 17/2015 dated 26.05.2015. It has been submitted that Surat is the hub for diamond cutting and polishing industry dealing mostly in small gem stones. However, the availability of raw material at competitive prices to SMEs of this sector has remained a cause of major concern and thus the present request is with a view to give direct access of the SMEs of the sector to the mining companies.
2. The matter has been examined by the Board.
2.1 M/s Surat International Diatrade Centre (SIDC), is a SPV formed by Gem & Jewellery Export Promotion Council of India. SIDC has taken approx. 3000 sq. ft. constructed area on long term lease basis from Gujarat Hira Bourse on rental basis at Ichhapore, Surat and has set up a state of art viewing facility at the said Bourse in Surat. The facility has a Strong Room and necessary commercial, security & related facilities incidental to these activities an........