Galaxy-Marked Diamond Stones Are Semi-Processed Diamonds, CAAR Denies Customs Duty Exemption

In re KGK Diamonds (I) Pvt. Ltd (CAAR Mumbai) The Customs Authority for Advance Rulings (CAAR), Mumbai, considered an application filed by KGK Diamonds (I) Pvt. Ltd. seeking an advance ruling on the classification of natural rough diamonds bearing Galaxy/DiaExpert markings and their eligibility for exemption under Serial No. 345 of Notification No. 50/2017-Customs dated 30.06.2017. The applicant proposed to import natural rough diamonds scanned and mapped using the Sarine Galaxy® system and sought confirmation that such diamonds remained classifiable as natural rough diamonds under Customs Ta...