Events conducted successfully with industry support and maximum participation

Some of the major aspects of budget representation are duty cuts primarily for gold, cut and polished diamonds, precious and semi-precious gemstones

GJC has also urged the Finance Minister to raise the PAN card limit from Rs 2 lakh to Rs 5 lakh, citing that many households in rural India do not hold PAN

The new policy has come on the heels of a series of meetings between the GJEPC and the Commerce & Industry Minister Piyush Goyal and the Commerce Secretary

Retail jewellery players are up in arms against the new hallmarking rules, which they consider unjust and arbitrary

Mandatory hallmarking was brought in force on June 15 and since then jewellers are facing several issues while following its mandates, GJC issues some clarifications sought in discussion with the Minstry and comes forward to help all members of this industry

BIS has had three meetings with around 20 members from the Expert Committee from 25th to 29th May 2021, where they brainstormed all the elements that the industry found impractical and needed amendments in the Regulations and the Act

Post the implementation of mandatory hallmarking from 16th June 2021, the Indian jewellery industry was seeking clarity on a host of concerns with regard to the new rules of hallmarking

*GJEPC, the apex body of the gem and jewellery trade, organised a webinar on 28th June, with the authority and keynote speaker Mr. Pramod Kumar Tiwari, Director General, Bureau of Indian Standards (BIS) to address queries concerning the manufacturing , retail and the end consumers

Based on multiple meetings with the Expert Committee members last week, the Ministry of Consumer Affairs will be soon coming out with  rules for implementation of Hallmarking act along with amendments

Third meeting of the expert committee formed by the Ministry of Commerce and Industry to resolve the issues of mandatory hallmarking was held yesterday. A number of issues were raised during the meeting and BIS has assured to consider and come up with a comprehensive guidelines and detailed responses to the expert committee queries in next few days

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

Customs duty on gold and silver decreased to 7.5 per cent from 12.5 per cent with an addition of 2.5 per cent AIDC (Agri Infra & Development Cess) – in effect reduced to 10 per cent -- applauded unanimously by the whole G & J industry

The recent PMLA notifications have been creating quite a stir in the G &J industry, with a view to bring in more clarity on these notifications GJPEC Chairman Colin Shah spoke to legal expert Rohan Shah about this matter, excerpts:

Gems and jewellery exporters have been permitted to send their goods across the globe to their buyers using the convenience of cost effective and reliable courier services