As India anticipates the forthcoming budget set to be unveiled by the end of July, leaders in the jewellery sector, including PNG Jewellers and Khimji Jewellers, have articulated their expectations

The Gem & Jewellery Export Promotion Council (GJEPC) is proud to announce a groundbreaking achievement for India's gem and jewellery sector. Through collaborative efforts with the Ministry of Finance, the Authorized Economic Operator (AEO) status has been extended to the industry, unlocking new avenues for growth and competitiveness

The government has recently unveiled the highly anticipated Sovereign Gold Bond Scheme for the year 2023-24. Starting 19th June, interested investors can subscribe to these bonds and take advantage of the scheme's attractive features.

Revenue Dept. Issues Notification for Simplifying Jewellery E-Commerce by Post: GJEPC

The officials visited the PCCCC and got acquainted with various departments of the bourse including the customs clearance operations

GJEPC's webinar on “RoDTEP – Benefits, Challenges and the Way Forward" in collaboration with Lakshmikumaran & Sridharan (L & S) on  30th August was well received

• * GJEPC Seeks Support From Govt To Continue Momentum Of Gem & Jewellery Exports 
• * Achieved Over The Last Few Months
• * International markets are open and demand for G&J has started to come back
• * However domestic challenges due to Covid-19 second wave are hurdles in first half of the year

The recent PMLA notifications issued to the G & J industry had the G & J industry reeling under its pressure and anxiety for sometime; Rohan Shah in conversation with Colin Shah, Chairman GJEPC comes forward to clear the air

Under the revamped Gold Monetising Scheme (GMS) which was first introduced in 2015, consumers can deposit as little as 10 g (from previous minimum of 30g). This will aid in lowering the industry’s dependence on imported gold and will foster a better relationship between jewellers and customers

E-IGJS unveiled by Hardeep Singh Puri, Minister of State for Commerce and Industry in the presence of several luminaries

The Gem and Jewellery Export Promotion Council (GJEPC) proposes several measures like reduction in cut and polished diamonds to 2.5%, reduction in import duty of gold and other precious metals to 4%, Technology Upgradation Fund (TUF) Scheme for G&J industry; need for additional Common Facility Centres (CFCs) and many more to strengthen the gems and jewellery export sector

India’s Central Board of lndirect Taxes & Customs under the Department of Revenue, Ministry of Finance, has clarified that gems and jewellery exports from the country could now take place through the courier mode, acceding to this long-standing demand of the Gem & Jewellery Export Promotion Council (GJEPC) to make B2C, small-value, e-commerce exports economically viable

The suggestions of gems and jewellery industry related to duties and taxes are under consideration of the Finance Ministry, Commerce and Industry Minister Piyush Goyal said on November 27

The duty drawback rate on gold has been increased while that on silver jewellery has been reduced