International Trade Today is a Warren News publication.

CBP Administrative Messages, Electronic Bulletin Board Notices, Etc

U.S. Customs and Border Protection (CBP) has issued a document entitled, Importation of Rough Diamonds which, among other things, explains what importers need to know about the Clean Diamond Trade Act and the Office of Foreign Assets Control's (OFAC's) interim regulations implementing this Act, etc.

Sign up for a free preview to unlock the rest of this article

If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.

1. CBP Issues Information on Importation of Rough Diamonds

The document outlines procedures for the importation of rough diamonds from countries participating in the Kimberley Process and restrictions on those countries that are not. CBP explains that the Kimberley Process is an international initiative aimed at breaking the link between legitimate trade in diamonds and conflict diamonds and includes an international certification scheme for rough diamonds. (See ITT's Online Archives or 08/06/03 news, 03080610, for BP summary of OFAC's interim rule.) (CBP document, undated, available at http://www.cbp.gov/ImageCache/cgov/content/import/commericial_5fenforcement/rough_5fdiamonds_2edoc/v1/rough_5fdiamonds.doc)