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GJEPC addresses key GST issues at DGGST meeting

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GJEPC participated in the Directorate General of Goods and Service Tax (DGGST) West Zone Samvad meeting at the office of the Principal ADG DGGST in Mumbai on 27 November 2025. The session focused on addressing GST challenges faced by the gem and jewellery sector and aligning with the Government’s efforts to strengthen Ease of Doing Business.

The GJEPC delegation included Mital Doshi, Convener BITC; Laxmisha Shetty, Director Accounts and Finance; Sudhir Patil, Manager Trade, Policy and Projects; and Supreme Kothari, Partner, Economic Laws Practice.

The team met Additional Director General Priya Goel and senior DGGST officers, presenting key concerns such as the need to rationalise the Export against supply by Foreign Buyer scheme and issues arising from alleged ITC reversal demands under Section 17(5)(h) related to process loss and wastage.

Officials took a positive view of the issues raised and asked the Council to submit detailed written representations backed by industry data and legal reasoning. GJEPC will file these submissions shortly.

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Cosmos Diamonds Makes History With World’s First LGD  Jewellery  Launched Into Space

The Launch Also Reinforces India’s Emergence As A Global Innovation Hub Where Startups From Diverse Sectors Are Forging Unconventional Partnerships.

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In a landmark moment where luxury, science and space exploration converged, Sanjana Tripuramallu, founder of Bengaluru-based Cosmos Diamonds, has achieved a global first by collaborating with private space company Skyroot Aerospace to send Cosmos Bloom, the world’s first lab-grown diamond (LGD) jewellery creation into space aboard the Vikram-1 rocket.

The Cosmos Bloom Diamond  is handcrafted in 18 kt gold using 32 pear-cut LGDs arranged in the form of a blooming lotus and mounted on a specially engineered aluminium base plate. It is designed to withstand the extreme conditions of launch and spaceflight. The space-bound jewel is valued at Rs 11 lakh and combines Indian craftsmanship, technology, and innovation.

Sanjana Tripuramallu, Founder- Cosmos Diamonds

The launch also reinforces India’s emergence as a global innovation hub where startups from diverse sectors are forging unconventional partnerships. While Skyroot Aerospace showcased the country’s private launch capabilities through Vikram-1, Cosmos Diamonds used the mission to tell a powerful story of Indian design and scientific ambition on an international stage. With the successful launch of the world’s first lab-grown diamond jewel into orbit, Sanjana Tripuramallu and Cosmos Diamonds have etched their names into both jewellery and space history, demonstrating that the future of luxury may well extend beyond Earth itself.

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