GJEPC leadership discusses key industry issues

By fostering dialogue Sanjay Kumar, focuses the Industry! 

The leadership of the Gem and Jewellery Export Promotion Council (GJEPC) extended a warm welcome to Sanjay Kumar Agarwal, Chairman of the Central Board of Indirect Taxes & Customs (CBIC), along with Prachi Saroop, Chief Commissioner of Customs, and Harish Dharnia, Commissioner of Customs, Mumbai, at the GJEPC office in Mumbai. The meeting aimed to foster dialogue and address key challenges faced by the gem and jewellery industry.  

Representing GJEPC were Vipul Shah, Chairman; Kirit Bhansali, Vice Chairman; Ajesh Mehta, Convener, Diamond Panel; Shaunak Parikh, Convener, Banking Insurance & Taxation, Milan Chokshi, Convener, PM&BD; and Sabyasachi Ray, Executive Director. Also in attendance from the Mumbai Customs were senior officials Prachi Saroop, Chief Commissioner Customs and Shri Harish Dharnia (Commissioner of Customs).

During the discussions, GJEPC leadership highlighted several critical issues affecting the sector and sought practical solutions to enhance ease of doing business; key topics of discussion included, 1. Facilitating the hand-carriage of gems and jewellery through all ports. 2. Extending tolerance limits on cut and polished diamonds sent on consignment.  

3. Establishing a standard operating procedure (SOP) for the reimport of jewellery for repair and subsequent re-export. 4. RMS facility for G & J products for exports. 5. Difficulty faced with exports of Lab Grown CPD Diamond.  

The meeting underscored the need for collaborative efforts between the industry and the customs department to create a more supportive business environment. Agarwal and his team assured the GJEPC leadership of their commitment to addressing these issues and working towards viable solutions.




 

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