Jewellery industry flags tax, duty and regulatory priorities ahead of Budget 2026
Ahead of the Union Budget 2026–27, leading jewellery retailers, manufacturers and industry bodies outline expectations on GST, import duties, exports, digital gold regulation, working capital, and policy reforms to strengthen growth.
GJEPC Submits Pre-Budget Policy Proposals to Finance Ministry
GJEPC submitted pre-Budget recommendations to the Finance Ministry in Mumbai on January 14, 2026, seeking duty rationalization, tax reforms and SEZ flexibility to support exports amid global trade pressures.
India–Botswana Diamond Corridor Gains Momentum as President Boko Welcomes GJEPC’s White Paper
GJEPC’s White Paper receives high-level endorsement during President Murmu’s State Visit to Botswana, advancing plans for a direct India–Botswana diamond trade route designed to strengthen MSME access, transparency and bilateral growth.
GJEPC Submits Pre-Budget Recommendations to Boost Export Competitiveness and Ease of Doing Business
The Gem & Jewellery Export Promotion Council presented key policy proposals to the Government seeking tax reforms, industry incentives, and regulatory ease to strengthen India’s leadership in diamonds, gold, coloured gemstones, and lab-grown diamonds.
GJEPC Praises Recent Tax Reforms in Meeting with CBDT Joint Secretary
The Gem and Jewellery Export Promotion Council (GJEPC) recently met with Raman Chopra, Joint Secretary of the Central Board of Direct Taxes (CBDT), in New Delhi to express their appreciation for key tax reforms announced in the Union Budget 2024
GJEPC Chairman presents pre-budget recommendations during a consultation meeting with the Hon'ble Finance Minister
GJEPC Chairman Shri Vipul Shah presented key recommendations for the gem & jewellery trade at today's pre-budget meeting with Union Finance Minister Smt. Nirmala Sitharaman
GJEPC welcomes Vote-on-Account Budget which sows the seeds to achieve Viksit Bharat in Amrit Kal
Interim Union Budget 2024-25 Reaction by Vipul Shah, Chairman, GJEPC
Union Budget 2024: Gem and jewellery industry concerns not addressed
The Budget has not addressed any of the concerns of the gem and jewellery industry, leaving the industry disappointed
Union Budget 2024-25: GJEPC’s Recommendations To the Government To Propel Gem & Jewellery Exports
GJEPC, the representative body for India's international gem and jewelry trade, has put forth numerous suggestions to the Government in anticipation of the forthcoming budget
GJEPC urges Centre to consider reducing import duty on cut and polished diamonds
It has also suggested that the basic customs duty on gold, silver, platinum jewellery should be increased from 20% to 25%
GJEPC Seeks Jewellery Repair Policy To Make India A Global Outsourcing Service Centre & Hub
Seeks 4% import duty on gold, silver & platinum; allowing sale of rough diamonds in SNZs and Zero duty on Lab Grown Diamond seeds
2023’s First IIJS Signature 2023 & IGJME Inaugurated
Chief guests at the inauguration included State Minister of Commerce & Industry, Anupriya Patel; Member of Parliament Poonam Mahajan and Chairman of Malabar Gold & Diamonds, MP Ahammed
GJEPC Chairman Vipul Shah Addresses Board of Trade Meeting
Export Council Chairman raises key industry issues at the Meeting chaired by the Commerce Minister, Piyush Goyal
Customs duty on cut & polished diamonds, gemstones cut to 5%
In her Budget speech, the Finance Minister said that customs duty on cut and polished diamonds and gemstones would be reduced to 5% from the existing 7.5%
GJEPC asks for duty cuts in its Budget proposals to Government
Some of the major aspects of budget representation are duty cuts primarily for gold, cut and polished diamonds, precious and semi-precious gemstones
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