GJEPC proposes a series of measures
Recommendations of the GJ Package for the upcoming Union Budget for FY 2022-23 Proposals to boost each product vertical of the sector! Reduction on cut and polished diamonds to 2.5%, sale of rough diamonds in SNZ in Mumbai; Reduction in import duty of gold and other precious metals to 4%; Roll out of Tax Refund to Tourist (TRT) Scheme in India for Tourists; Introduction of Job Work Model in Diamonds, Precious and Semi-Precious Stones… The Gem and Jewellery Export Promotion Council (GJEPC), the apex body for the promotion of gems and jewellery (GJ) exports has proposed a series of measures under the Gems & Jewellery Package as part of recommendations for the upcoming Union Budget for the fiscal year 2022-23. Some of the major aspects of budget representation are duty cuts primarily for gold, cut and polished diamonds, precious and semi-precious gemstones, etc. Commenting on the recommendations for the Union Budget for the fiscal FY 2022-23, Colin Shah, Chairman, Gem and J