Diamond News
Relief for related-party #diamond trade The customs department has relaxed a rule that required compulsory...
World Diamond NewsRelief for related-party #diamond trade
The customs department has relaxed a rule that required compulsory scrutinising of imports and exports of diamonds between related parties, a regulation that was followed strictly after the Nirav Modi scam.
In the past one week, customs commissioners have issued facilitation notices allowing diamond traders to forego the process even when they are dealing with related parties. The notices cited difficulty in valuing diamonds as the reason for this decision.
READ MORE:
//economictimes.indiatimes.com/articleshow/64472171.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
The customs department has relaxed a rule that required compulsory scrutinising of imports and exports of diamonds between related parties, a regulation that was followed strictly after the Nirav Modi scam.
In the past one week, customs commissioners have issued facilitation notices allowing diamond traders to forego the process even when they are dealing with related parties. The notices cited difficulty in valuing diamonds as the reason for this decision.
READ MORE:
//economictimes.indiatimes.com/articleshow/64472171.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
