Kimberly Process Certificate (KP certificate) to export rough diamonds

The information provided here is part of Online Export Import course


Kimberly Process Certificate (KP certificate) to export rough diamonds

 

Kimberly Process Certificate (KP certificate) to export rough diamondsThe Kimberley Process Certification Scheme (KPCS) is an international scheme to stop the trade in ‘conflict” diamonds”  and to ensure that diamond purchases were not financing violence by rebel movements and their allies seeking to undermine legitimate governments.

KP Licence - Kimberly Process Certificate

Under the KPCS, a KP licence from Customs is required for the import and export of rough diamonds. The company must be registered with Customs and has a valid Inter-Bank Giro (IBG) account with Customs.

The company will be required to comply with the terms and conditions of the KP licence which include the following:

a) to export or import rough diamonds except under a licence issued by the Director-General of Customs;

b) to import and export rough diamonds from and to only participants of the KPCS;

c) to allow Singapore Customs to submit the import and export data with regards to shipment declared under the KPCS;

d) to comply with section 46 of the GST Act to keep all import and export documentation for a period not less than 5 years;

e) to comply with all terms and conditions as stated in the licence and the KP certificate; and

f) to pay the prescribed fees.

 

 

Import and Export Procedures



To import rough diamonds into a importing country, a valid KP certificate issued by the overseas exporting Kimberley Process authority is required to accompany the sealed and secured parcel of rough diamonds. The KP certificate must be produced together with the relevant import permit and supporting documents to Checkpoint Officers at the time of clearance for endorsement.

To export rough diamonds from exporting country, a valid KP certificate, issued by Customs, is required to accompany the sealed and secured parcel of rough diamond. The KP certificate must be produced together with the relevant export permit and supporting documents to Checkpoint Officers at the time of clearance for endorsement.

The Customs reserves the right to conduct inspection of both your import and export of rough diamonds at our Headquarter at Revenue House or at any other venue as specified by us. For export, the KP certificate will only be issued when the inspection (if any) of the rough diamonds is found to be in order.

 

The above information is a part of Export Import Online Tutorial

 

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Comments


Glenn Tipton : I hops you an help me with a question I have about the importation of rough diamonds. the question is: a) Is the KP issuing country required to notify the customs of the importing country about the issuance of a KP certificate to the importer.

indra jayaraj : I am Dr. Indira, working as Associate Professor in Biochemistry, Kongunadu arts and science college, coimbatore, Tamil nadu. I am having 50 acres coconut farm in pollachi. right now we have 20 to 25 tonnes of very special quality of copra, and I want to export that.Can you help me, how to get licence and know the genuine buyers from abroad.

Pratik Patel : I am Pratik Patel from Surat, Gujarat, India. I have visited your website "howtoimportexport". really i lik it a lot, it contains a lots of information about business and any kind of help. I have opened my new firm for my business of Diamonds for export purpose very first time. I have also registred to customes. I have seen your website many of times. but i have one question about invoice of sales invoice and pro forma invoice. When my value of goods is not fixed, even i don't know, because i have none link for that. I registred with one company. I have to send goods to them to their office at NewYork, USA. Then they will inspect the goods and ready for auction. in this case, price of my goods is not clear it should be up or down. Which invoice i have to create? which value i have to disclouse? (High or Low). Can goods be dispatched to USA on pro forma invoice? If yes, how and when i can issue original bill? If i can not send goods on pro forma invoice, i have to sell on sales invoice, how to adjust the diffrent of amounts of sales & sales bill?

Glenn Tipton : my name is Allan and I hops you an help me with a question I have about the importation of rough diamonds. the question is: a) Is the KP issuing country required to notify the customs of the importing country about the issuance of a KP certificate to the importer.

chandan jaiswal : I am looking for a Company that can supply electrolytic copper cathode sheet 5000 MT and Manganese both in powder and liquid form 5000 MT per month. I would like to get Certificate of Appraisal too as soon as possible.

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