GJEPC, in collaboration with the International Financial Services Centres Authority (IFSCA) and India International Bullion Exchange (IIBX), organised a webinar on 19 June to explain the newly liberalised framework that enables GJEPC Registration-cum-Membership Certificate (RCMC) holders to access gold and silver directly through IIBX for export purposes. More than 200 industry participants attended the session.
Delivering the special address, Shri Ramakrishnan Padmanabhan, General Manager, IFSCA, spoke about the regulator’s efforts to broaden access to bullion imports and strengthen India’s bullion ecosystem.
Shri Sabyasachi Ray, Executive Director, GJEPC, who moderated the webinar, outlined the Council’s sustained engagement with IFSCA in facilitating the reform. He noted that the move is expected to improve access to precious metals for export manufacturing and provide a major boost to exporters, particularly MSMEs.
The technical session was led by Shri Ashok Kumar Gautam, Managing Director & Chief Executive Officer, India International Bullion Exchange (IIBX). Officials from IFSCA and IIBX presented the operational framework of IIBX, detailing onboarding procedures, trading and settlement mechanisms, depository systems, vault infrastructure and customs processes. Participants were informed that eligible GJEPC RCMC holders can import gold and silver duty-free for export purposes under the prescribed customs framework.
Shri K.K. Duggal, Senior Director – Policy, GJEPC, highlighted the significance of the recent regulatory change that recognises all GJEPC RCMC holders as Qualified Jewellers on the IIBX platform.
The webinar concluded with an interactive question-and-answer session, during which queries from participants were addressed by officials from GJEPC, IFSCA and IIBX. Exporters were encouraged to onboard as Qualified Jewellers and leverage the IIBX ecosystem for transparent, efficient and globally competitive bullion sourcing.