GJEPC streamlining duty-free gold and silver supply
DIL & DoC clarify operational & policy frameworks for MSMEs Recently, GJEPC organised a webinar on, Supply of Duty-Free Precious Metals to Exporters. The session brought together nearly 150 industry stakeholders to discuss procedures, challenges, and policy frameworks surrounding the procurement of duty-free gold and silver. The session featured Nirakar Chand, CEO – Precious Metals, Diamond India Limited (DIL), as the keynote speaker, and was moderated by Sabyasachi Ray, Executive Director, GJEPC. Also in attendance were Tariq Thomas, Director, Department of Commerce (DoC); Ms. Tuhina Das, Deputy Director, DoC; and K.K. Duggal, Senior Director – Policy, GJEPC. Sabyasachi Ray outlined the procedures for obtaining duty-free gold and silver through various schemes under the Foreign Trade Policy, including Replenishment, Outright Purchase, and Gold Metal Loans via nominated agencies. He explained DIL’s role as a DGFT-notified...