Connect with us

Press Releases

Notification Issued to Accept Amendment to KP Certificates Post Validation by GJEPC

The amended policy condition shall also be applicable to pending imports of rough diamonds.

mm

Published

on

(PRESS RELEASE) MUMBAI — The Directorate General of Foreign Trade (DGFT) , Government of India, issued a notification dated 28th September permitting the amendment of technical nature, typographical errors or errors apparent on the face of records in KP Certificate based on SOP and validated by Gem & Jewellery Export Promotion Council (GJEPC).

The amended policy condition shall also be applicable to pending imports of rough diamonds.

Colin Shah, chairman, GJEPC said, “The notification is a step towards further enhancing ease of doing business in the sector. This will smoothen the clearance import parcels of rough diamond held due to technical errors at the customs end. India imports 1514.70 lakh carats of rough diamonds for cutting and polishing in the country and KP is a prerequisite for each shipment imported. 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.”

GJEPC as per KP procedure endorses the KP Certificates received from the KP Issuing Authority abroad for clearance of rough diamonds imported from abroad. In case the KP issuing authority of such exporting country indicates of any change in writing after the issuance of the certificate DGFT has empowered GJEPC to endorse such changes based on which the clearance of the goods will be permitted by Customs. Vide such notification, the Council will also have the authority to endorse the email communication from the KP Certificate Issuing Authority abroad for cases of re-export authorised by Customs. Such parcels can be re-exported / returned to the country accompanied by Technical Certificates to be issued by GJEPC.

The GJEPC is the nodal agency for Kimberley Process Certification Scheme and undertakes all KP certification within the country, as well as assist GoI’s representation on international fora on all KP related matters.

KPCS is an international mechanism mandated by UN to stop the trade of conflict diamonds which were being used to finance wars against legitimate governments. The Kimberley Process (KP) is of tripartite nature comprising of member states and regional economic integration organizations that are eligible to trade in rough diamonds as participants and the civil society & Industry as observers. There are 56 participants representing 82 countries, with the European Community counting as a single participant. The participants include all major rough diamond producing, exporting and trading countries.

Advertisement

Continue Reading
Advertisement

SPONSORED VIDEO

Wilkerson Testimonials

After 42 Years in Business, They Chose Wilkerson to Close Up Shop

After 42 years, it was time for Gina McHugh to hang up her bench tools and plan on doing something completely different. She and her husband, Mick, had a beautiful Binghamton, NY store — The Goldsmith — but in late 2019, the time felt right for retirement. They called Wilkerson. “They’d always been a part of our bridal jewelry selection,” says Gina, “and I felt really good about their quality and service. So, when we were looking for someone to work with us, Wilkerson was a natural.” With the kind of service and support Wilkerson is known for, Gina says their sales consultants made their retirement sale, “successful and quite easy.”

Promoted Headlines

Most Popular