The much-awaited customs house at the Surat Diamond Bourse (SDB) started operating on Thursday with a trial run and the first shipping bill was issued by the office. The parcel is from a diamond firm and will be sent to Mumbai for export on Friday.
According to SDB officials and diamond industry, this customs house at SDB will boost export because it will help save time and cost.
Currently, from the customs house at Surat Hira Bourse (SHB) at Katargam, around 100 parcels are handled for export and 70 parcels for import. It is likely that a sizeable process of SHB will shift to the SDB customs house.
The customs house has been developed in the basement of Diamond Club in SDB and will be formally inaugurated once it becomes fully operational, said SDB officials.
“Currently, of the total diamonds exported from the city, less than 10% get cleared from the city customs office, while the rest is cleared from Mumbai customs. That takes one day time and increases the cost of handling,” said an SDB official.
Source: TOI
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