India extends export and re-import timelines for gems and jewellery
→Deadlines extended for certification, exhibitions and buyer exports
Change
India extended export and re-import deadlines for gems and jewellery, including increasing the re-export period for certified diamonds to 120 days.
Why it matters
Customs will allow extended timelines only upon verification, requiring exporters to maintain complete documentation to avoid detention of consignments.
Implications
- → Exporters gain more time — operational pressure reduced
- → Documentation must be accurate — non-compliance risks delays
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Source
View on Economic Times