Government allows changes to KP certificates post-GJEPC validation for ease of doing business in diamond industry
The government’s Directorate General of Foreign Trade has issued a notification permitting the amendment of errors in records for Kimberly Process certificates for diamonds, to increase ease of doing business.
The notification, dated September 28, permits the amendment of technical and typographical errors on Kimberly Process certificates for diamonds. KP certificates are required for diamonds being imported into India and show that the rough diamonds have not been procured through conflict. The notification is also applicable to pending imports of rough diamonds.
“The notification is a step towards further enhancing ease of doing business in the sector,” said GJEPC chairman Colin Shah, the GJEPC shared on its website. “This will smoothen the clearance import parcels of rough diamond held due to technical errors at the customs end.”
“India imports 1514.7 lakh carats of rough diamonds for cutting and polishing in the country and KP is a prerequisite for each shipment imported,” said Shah.
“Council thanks DGFT for the notification and recognises the efforts of Customs at PCCC, Dept of Revenue and Dept of Commerce for the cooperation and guidance provided in resolving the long standing issue and strengthening the KP.”
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