A trade delegation from Surat met the Hon’ble Prime Minister Shri Narendrabhai Modi on December 27 and made representations regarding various trade issues being faced by different sectors.

GJEPC Regional Chairman – Gujarat, Dinesh Navadiya represented the gems and jewellery industry and spoke about the issues being faced by the sector in detail.

Some of the points he highlighted included:

• Input Tax Credit accumulation due to inverted duty structure in diamond manufacturing
• Bank Finance
• Introduction of Presumptive Taxation in Special Notified Zone
• Introduction of Technology Upgradation Scheme for G&J sector
• Introduction of Risk Management System to encourage profile based monitoring system for clearance of import / export shipments.

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