GJEPC presents Pre-Budget recommendations to FM
GJEPC has prepared a list of FAQs on the Safe Harbour Rule! Vipul Shah, Chairman, GJEPC, met with Finance Minister (FM) Nirmala Sitharaman during a pre-budget consultation held in Delhi. During the meeting, Shah presented key recommendations on behalf of the gem and jewellery industry, aimed at fostering growth, enhancing global competitiveness, and addressing the industry's critical challenges. Vipul Shah, Chairman, GJEPC said, "We thank the Hon’ble Finance Minister for reducing the import duty on precious metals in the last budget, a move that has spurred unprecedented growth in the sector. This is evident from the multiple stock market listings of family-run jewellery businesses, the expansion of major retailers overseas, and the planned opening of 3,000 retail outlets in the next two years, creating lakhs of employment opportunities across the country." Shah further added, “We also thank FM for introducing Safe Harbor Rule for sale of rough diamonds ...