The Central Board of Indirect Taxes & Customs (CBIC) on October 30, 2024, issued a circular regarding the mandatory additional qualifiers in import/export declarations in respect of Synthetic or Reconstructed Diamonds.
Reference is invited to the Circular No. 55/2020-Customs dated December 17, 2020 wherein, importers were advised to voluntarily declare the complete description of imported goods and certain additional qualifiers for imported items such as scientific names, IUPAC names, brand name, etc. as applicable to reduce queries and improve the efficiency of assessment.
Among those imported/exported, it is noted that in case of synthetic or reconstructed diamonds, the information currently provided by the importers/exporters of these products is inadequate and does not provide the method used for producing these products, thus leading to insufficient inputs for devising policies, certifications from technical agencies for assessment, etc. with adversely impacting cargo clearance time.
On reviewing the matter, it is noted that the information in import/export declarations can be improved by providing the method used for producing these products, thereby offering effective avoidance of queries, enhancing efficiency in assessment and facilitation.
It has been decided to enable the additional qualifiers/identifiers as mentioned in the Annexure mandatory to be declared at the time of filing of import/export declarations with effect from December 01, 2024. Declaration of additional qualifiers would improve the quality of assessment and intervention and increase facilitation.
[Circular No. 21/2024-Customs]
