GJEPC Apprises Commerce Ministry on Need for Changes
July 11, 12
 The GJEPC delegation with the Commerce Secretary |
The Gem & Jewellery Export Promotion Council (GJEPC) delegation, led by Chairman Rajiv Jain, Vice Chairman Sanjay Kothari and Diamond Panel Committee Convener Bakul Mehta, met Rao on July 5.
The discussions included ways and means to increase exports and value addition from the sector in the medium- and short term.
The GJEPC chairman presented the current issues that are impeding growth. These included:
- The need to introduce a presumptive taxation system.
- The need to re-introduce the two percent interest subvention on rupee export credit.
- Transfer pricing issues.
- The need to streamline various custom procedures.
- The need for the generic promotion of diamonds worldwide.