Section 17(3) in Illegally Acquired Property (Receipt, Management And Disposal) Rules, 2018
(3)Precious and semi-precious stones other than diamonds. - (i) Rough and uncut precious and semi-precious stones other than diamonds shall be sold by auction or tender to holders of import licences against debit of their licences in the internal market.(ii)Cut and polished precious and semi-precious stones, other than diamonds, shall be sold internally, by auction or by tender.
