GJEPC’s leadership including Kirit Bhansali, Chairman; Shaunak Parikh, Vice Chairman; Sabyasachi Ray, Executive Director; and K.K. Duggal, Director – Trade & Policy, held a meeting with Smt Nirmala Sitharaman, Hon’ble Union Minister of Finance and Corporate Affairs, in New Delhi on 22 July to brief her on the current status of the gem and jewellery industry and discuss key policy priorities.
The Chairman thanked Smt Sitharaman for the Government’s continued support and invited her to visit IIJS Bharat Premiere 2026 and interact with India’s gem and jewellery exporters.
To strengthen the sector’s global competitiveness, GJEPC submitted the following key recommendations:
- Include the gem and jewellery sector under the Sale from SEZ to DTA framework.
- Promulgate the Risk Management System – (RMS) for Customs appraisal of gem and jewellery parcels to enable faster clearances.
- Ensure uninterrupted availability of duty-free gold, silver and platinum for exports by notifying GST relief at the import stage for Nominated Agencies.
- Notify IIGJ-Udupi as a Centre of Excellence for Skill Development to strengthen the industry’s talent pipeline.
The Hon’ble Finance Minister gave a patient hearing to the delegation and assured them that each of the issues raised would be examined.