- Mandatory Additional Qualifiers: The CBIC issued Circular No. 21/2024-Customs on October 30, 2024, mandating additional qualifiers in import/export declarations for synthetic or reconstructed diamonds starting December 1, 2024, to enhance assessment efficiency and facilitation.
- Improved Information Requirement: This decision follows Circular No. 55/2020-Customs, which advised importers to voluntarily provide detailed descriptions and qualifiers for imported goods. The new requirement addresses inadequacies in the current information provided for synthetic/reconstructed diamonds, specifically the production methods, to improve policy-making and technical assessments.
- Implementation and Compliance: Under the Bill of Entry and Shipping Bill regulations, the additional qualifiers must be declared at the time of filing import/export declarations from December 1, 2024. Public notices will be issued to guide trade, and any difficulties or doubts in implementing this circular should be reported to the Board.
Source a2ztaxcorp
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