National News
Delhi Customs Implements GJEPC’s Proposal for Streamlined Hand-Carry Parcel Clearance
In a major relief for exporters, Delhi Customs has implemented a streamlined procedure for the export and reimport of hand-carry parcels, following sustained efforts and recommendations by the Gem & Jewellery Export Promotion Council (GJEPC).
Although a Public Notice was issued in May 2025, the absence of a reimport mechanism meant such shipments were not recorded in the Export Data Processing and Monitoring System (EDPMS)—rendering the scheme ineffective in Delhi.
Recognising this critical gap, Mr. Antarpal Singh Sawhney, Regional Chairman (North), GJEPC, and Mr. K.K. Duggal, Director (Policy), GJEPC, held multiple rounds of discussions with senior Customs officials, including the Chief Commissioner and Commissioners of Export Cargo, Import Cargo, and Airport. The Council strongly advocated for customs appraisal and clearance of reimports to take place directly at the airport, ensuring a faster, more cost-effective, and efficient process.
Key Outcomes:
- Customs Acceptance: Delhi Customs has formally accepted GJEPC’s proposal.
- Dedicated Module in Development: The Department of Systems is developing a special module to enable the filing of Bills of Entry (B/E) and customs clearance at the airport itself.
- Interim Solution: Until the module is live, B/Es will be filed at Import Cargo and transferred to the airport for appraisal and clearance—allowing exporters to collect parcels directly at the airport without further movement.
A Landmark Win for Exporters
This initiative is expected to save time, reduce costs, and ensure accurate reflection of hand-carry shipments in EDPMS—a key requirement for exporters. Exporters across the Delhi region have hailed the move as a landmark achievement, significantly enhancing ease of doing business and operational efficiency.
National News
GJC Delegation Meets RBI Deputy Governor, Makes GMS Presentation
The Proposal Was Acknowledged As An Innovative Initiative With The Potential To Become A Game Changer For The Industry and The Nation.
A GJC delegation comprising Vice Chairman Avinash Gupta, Legal Consultant CA Bhavin Mehta, and National Secretary Mitesh Dhorda met with Shirish Chandra Murmu, Deputy Governor of the Reserve Bank of India, along with his senior team.
During the meeting, the delegation made a detailed presentation on the proposed Gold Monetization Scheme (GMS). The RBI team appreciated the concept of the scheme. The proposal was acknowledged as an innovative initiative with the potential to become a game changer for the industry and the nation.
GJC remains committed to working closely with all stakeholders —including the government, banks, jewellers, gold depositors, and temple trusts—in the larger national interest and for the sustainable growth of the GJ industry.
The Gold Monetization Scheme (GMS) in India was launched with the primary objective of reducing gold imports by mobilizing the vast amount of idle gold held by households, institutions, and temple trusts, thereby decreasing the country’s heavy reliance on gold imports. By encouraging depositors to bring their unused gold into the formal banking system, the scheme puts this dormant gold into productive economic purposes, such as meeting the needs of jewellers and industries without requiring fresh imports.
Additionally, the scheme allows depositors to earn interest on their gold deposits instead of keeping gold idle at home, transforming a non-yielding asset into an income-generating investment while simultaneously strengthening India’s gold supply chain and reducing the trade deficit.
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