| Title: | Rough Diamonds Control Regulations Published May 21, 2008 |
|---|---|
| Date: | 2008-05-21 |
| To: | abi |
| Links: | previous, next |
On May 21, 2008, The Office of Foreign Assets Control of the U.S. Department of Treasury (“OFAC”) published amendments to the Rough Diamonds Control Regulations, 31 CFR Part 592, to add requirements designed to enhance the collection of statistics related to importations and exportations of rough diamonds.
One of the amendments is to Note 4 Section 592.301. The new note to this section states that the U.S. Customs and Border Protection (CBP) will not release custody of an importation of rough diamonds described in subheadings 7102.10, 7102.21 or 7102.31 Harmonized Tariff Schedule of the United States, regardless of value, unless the import conforms with CBP's formal entry for consumption requirements, as defined in 19 CFR 141.0a (f).
Questions can be directed to the Enforcement Policy Branch at (202) 863-6057.