BAKU, Azerbaijan, March 16. Fines have been
imposed for importing and exporting rough diamonds without a state
agency's approval, Trend reports.
This is reflected in the amendments approved by President Ilham
Aliyev to the Customs Code of the Republic of Azerbaijan, the Code
on Administrative Offenses, and the Law of the Republic of
Azerbaijan “On Precious Metals and Precious Stones.”
According to the amendments, for the import and export of rough
diamonds without a conclusion from the body designated by the
relevant executive authority, individuals will be fined between 550
($321) and 750 ($438) manat, officials between 1,000 ($438) and
2,000 manat ($1,170), and legal entities—from 1,500 ($878) to 2,500
manat ($1,463).
In addition, state control will be exercised over the import,
export, use, circulation, accounting, storage, and monitoring of
rough diamonds.
Raw diamonds will be considered precious stones if they are
simply cut, split, or broken, and if their codes in the
international nomenclature of foreign economic activity are
specified by an authority designated by the relevant executive
body.
State control over the import, export, use, circulation,
accounting, storage, and monitoring of unprocessed diamonds will be
carried out by the authority (institution) designated by the
relevant executive authority.
