GJ Town India

  Faceless Appeal system started!   The Income Tax Department launched Faceless Income Tax Appeals. Under Faceless Appeals, all Income Tax appeals will be finalised in a faceless manner under the faceless ecosystem with the exception of appeals relating to serious frauds, major tax evasion, sensitive & search matters, International tax and Black Money Act. Necessary Gazette notification has also been issued.   It may be noted that Hon’ble PM on 13th August, 2020 while launching the Faceless Assessment and Taxpayers’ Charter as part of, Transparent Taxation - Honoring the Honest, platform, had announced launching of Faceless Appeals on 25th September, 2020 on the birth anniversary of Pt. Deen Dayal Upadhayay.   Also, in recent years the Income Tax Department has carried out several reforms in Direct Taxes for the simplification of tax processes and for ease of compliance for the taxpayers. Under the Faceless Appeals, from now on, in income tax appeals, everything from e-alloca

  Alleged contraventions in e-commerce under scanner!   Representations alleging violations of extant laws by e-commerce companies have been received. In this regard, representations received are being examined by Department for Promotion of Industry and Internal Trade (DPIIT) and certain alleged contraventions under the FDI Policy, are also being investigated against certain e-commerce retail companies under provisions of Foreign Exchange Management Act, 1999 by the Directorate of Enforcement.   Further, several complaints against e-commerce entities, including related associate/holding companies etc, which are operating as marketplace platforms, online sellers/service providers, search engines service providers operating in different verticals etc, regarding anti-competitive behavior, are being looked into by Competition Commission of India.  In order to provide clarity to the extant FDI Policy on e-commerce, DPIIT had issued Press Note 2 of 2018 on 26.12.2018.  However, no speci

  Reliance Jewels Inspired by Dream Catchers   The Multimedia campaign unveils a heart-warming  Film on the preciousness of a daughter’s dreams!   Commemorating Daughter’s Day, Reliance Jewels has launched inspiring yet heartfelt ode #DaughtersAreDreamers to launch their Alora Collection, inspired by dream catchers. The campaign celebrates Daughters, women with dreams, yearning to learn and explore and fill lives with joy and hope.   Conceptualized by Scarecrow M&C Saatchi, the idea behind the campaign is to encourage the daughters who are chasing their dreams and their parents who are their rock solid support system. #DaughtersAreDreamers ad film by Reliance Jewels showcases the beautiful  relationship between parents and daughters with moments where they encourages their daughter to pursue her passions, dreams – right from learning judo to becoming a travel influencer.  Alora collection consists of unique designs of handcrafted gold and diamond jewellery.  The gold jeweller

  30 to 75% financial assistance to set up A&H Centre   In view of the Mandatory Hallmarking, the number of jewellers and hallmarking centres applying for Bureau of Indian Standards (BIS) certificate will increase manifold and to deal with increasing number of applications, an online system for issuing BIS certificate has been developed by BIS and launched by the Government on 21.08.2020. The online system enables the jewellers to submit the application for registration and fees online. In this system there will be no human interface in processing the applications. The moment a jeweller submits the application with the requisite fees, he will be granted registration.  For Assaying and Hallmarking Centres, the online system will ensure that applications to start a new centre or renew the existing license can be submitted online.  Entire process of recognition, which involves audit of the centres, submission of audit report, and grant of recognition or renewal, has been automated.

  Institute premieres modernized report style with enhanced security features The International Gemological Institute (IGI) announced a new, elevated design for its identification and grading reports that will debut in October of this year. This stationery format will be applied to IGI’s Natural Diamond, Colored Stone and Jewelry reports, giving all three a more dynamic look for the Institute’s customers.   IGI’s design update comes 45 years after the Institute issued its first Diamond report in Antwerp, Belgium in 1975. Established in 18 cities globally, IGI distributes thousands of reports daily to manufacturers, wholesalers, retailers and private consumers alike.  “We believe in the prosperity of the jewelry market and felt that there was no time like the present to reveal a new look,” stated IGI CEO Roland Lorie.  “The Institute strives to be a revolutionary leader for the industry-from technology implementation, timely design changes and creating innovative service offerings a

  Virtual Business meets on September 28 Zoom link:   https://us02web.zoom.us/j/87643261483     GJEPC to hold the first India Global Connect Business Meet for Indian Manufacturers and UK Jewellery Retail! Gem & Jewellery Export Promotion Council, the apex body of gem & jewellery trade in India, in its endeavour to boost exports from India, is organising an exclusive Virtual Business Meet in order to connect Jewellery Manufacturers from India to leading Retailers/wholesalers of UK.     The India Global Connect conference will provide platform to explore opportunities, understand business needs and help further trade between the two nations in gems and jewellery sector. The first India Global Connect virtual Business meet is scheduled at 4:00 pm (India), 11:30 am (UK) on 28th September, 2020.  (Zoom link:  https://us02web.zoom.us/j/87643261483 ) Colin Shah, Chairman, GJEPC said, “The pandemic has forced us to look for innovative ways to reach out to the global business f

  India is walking the talk on Paris Agreement  and is one of the few countries compliant with it!   The Environment Ministerial Meeting (EMM) of the G20 countries took place through video conferencing under the Presidency of Kingdom of Saudi Arabia. Representing India, Union Environment, Climate Change and Forest Minister Shri Prakash Javadekar said, India has taken significant steps to protect environment and forest and wildlife as well as combating pollution and climate change.   Shri Javadekar said India is committed to work with G20 nations for a better world. He said India is blessed with vast bio-diversity and ecosystem. The Minister said, India has been taking measures to enhance coral reef conservation. He noted that India’s steps towards dealing with climate change have been remarkable and stated that the world has to channel its best practices to deal with climate change and to get concrete results. The Minister highlighted the efforts made by National Coastal Mission Pr