GJEPC addresses government at exporters’ meet in Jaipur
The Gem and Jewellery Export Promotion Council requested more favourable export regulations for jewellery businesses in Jaipur at the recent exporters’ meet with the Commerce Secretary and Federation of Indian Export Organisations.
On December 11, the GJEPC’s executive director Sabyasachi Ray advocated for Jaipur’s jewellery exporters at the Open House session with the FIEO and Union Commerce Secretary Anup Wadhawan and additional secretary Sanjay Chaddha, the GJEPC wrote on its website. The meeting aimed to discuss issues faced by Jaipur’s exporters, including jewellery businesses.
Ray requested an “intervention for dropping of showcause proceedings initiated against exporters of Jaipur and Delhi demanding payment of IGST, interest and penalty where the goods were sent or taken out of India under claim for refund of integrated tax and were reimported without payment of IGST by availing exemption under the provisions of Notification no 45/2017,” according to the GJEPC.
Ray also suggested airline partnerships to facilitate duty-free jewellery imports through Jaipur through nominated agencies such as the Metals and Minerals Trading Corporation. Ray said that the area’s jewellery export industry has faced difficulties in this regard since the closure of Jet Airways.
Wadhawan advised the exporters present at the meeting to collect data for the government’s Remission of Duties or Taxes on Export Product scheme. He said that this will allow the government to see which products are being exported from India and help to finalise which benefits will be given to each industry under the scheme.
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