The information provided here is part of Online Export Import course
Kimberly Process Certificate (KP certificate) to export rough diamonds
%20to%20export%20rough%20diamonds_thumb.jpg "Kimberly Process Certificate (KP certificate) to export rough diamonds")
The 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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