Case Law Details
In re Nouveau Diamonds Manufacturing India LLP (CAAR Mumbai)
The CAAR Mumbai granted permission for withdrawal of the advance ruling applications filed by M/s. Nouveau Diamonds Manufacturing India LLP as applicant may withdraw his application at any time before an advance ruling is pronounced. This decision was made in accordance with Regulation 20 of the Customs Authority for Advance Rulings Regulations, 2021. As a result, the queries regarding import procedures, manufacturing activities, export implications, and customs duty obligations remain unresolved.
FULL TEXT OF THE ORDER OF CUSTOMS AUTHORITY OF ADVANCE RULING, NEW MUMBAI
M/s. Nouveau Diamonds Manufacturing India LLP (having IEC No. AATFN6138M and hereinafter referred to as ‘the applicant’, in short) has filed three applications on 05/07/2023, seeking advance ruling under section 28-H of the Customs Act, 1962 from the Customs Authority for Advance Rulings, Mumbai (CAAR, in Short). The applicant is seeking advance ruling on the following questions:
Question No. 1: Whether lab-grown rough diamonds can be imported under MOOWR notified vide Notification No. 44 of 2019 superseded by Notification No. 69 of 2019 and whether the activity of polishing can be carried as per Section 65 of the Customs Act in a bonded warehouse under Section 58? In other words, whether the activity of polishing these lab-grown rough. diamonds could qualify as manufacturing/other operations under MOOWR?
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