The court ruled that the legislation upon which the lawsuit was based is incompatible with European Union law to which all member states, including Belgium, are subject.
A court in Antwerp has fully acquitted Omega Diamonds and its former and current executives, employees, and other defendants and ordered the Federal Public Service of Finances, to pay the costs of the proceedings.
The Belgian Customs authorities had claimed that Omega Diamonds provided inaccurate information concerning the source and value of rough diamonds, in its applications for import licenses, the company said in a statement.
"The allegations were vigorously denied by Omega Diamonds and all other parties, relying on the fact that all shipments had been properly declared to the Custom Authorities, were accompanied by Kimberley Process certificates as required by law, and were physically inspected by Customs experts, an inspection which included examination of the rough diamonds' value as well as examination of other data.
"It should be emphasized, that the Belgian Customs authorities have never accused Omega Diamonds, or any of the other parties in any avoidance of customs duties, VAT or other levies, and accordingly, did not allege that Omega Diamonds or the other parties caused any damage to the Belgian economy. The Custom authorities have also never claimed that Omega was involved in any trade of 'blood diamonds'.
"As aforesaid, the court in Antwerp fully acquitted Omega and all other parties and required the Federal Public Services to pay the costs of the proceedings. The Belgian Customs authorities filed an appeal at the Antwerp's court of appeal. Omega's lawyers believe that Omega Diamonds has sound arguments for the first instance decision being confirmed."
