8.25 The Bulk Licensee shall furnish to the licensing authority, the proof of
upplying rough diamonds to the REP / Diamond Imprest licensee and to the EOU /
EPZ units within the prescribed period. The Bulk licensee shall submit the
details of such supplies alongwith the original proforma signed by the
licensing authority. The licensing authority shall compare such original with
the proforma retained by it and thereafter redeem the case provided the Bulk
licensee has supplied the rough diamonds upto the value of rough diamonds
imported under the Bulk Licence. If the Bulk licensee fails to supply rough
diamonds within the prescribed period, he shall surrender REP Licences of
S.No. 2.1 to 2.6 of Appendix-30A for a value twice the value of such rough
diamonds imported under the Bulk licence. Such licences shall have a minimum
validity of three months on the date of surrender. Private / Public Bonded
Warehouses shall follow the procedure as prescribed above for supplying rough
diamonds to the REP / Gem / diamond Imprest Licences and shall submit the
details of such supplies to the Customs Authorities.