National News
GJEPC Collaborates with Delhi Customs to Streamline Jewellery Export via Personal Carriage
Follow-up meeting focuses on refining SOPs under Circular No. 09/25 – Customs to ease export processes through Delhi’s Precious Cargo Warehouse
On 15 April, a delegation from the GJEPC Northern Regional Office met with senior officials of Delhi Customs to further refine Standard Operating Procedures (SOPs) for the import and export of jewellery via personal carriage. This discussion followed an initial meeting held on 9 April and focused on the implementation of Circular No. 09/25 – Customs, dated 28 April 2025, with the goal of issuing a comprehensive public notice for the trade.
Key customs officials present included Mr. Dheeraj Rastogi, IRS, Principal Commissioner – Exports; Ms. Ashima Bansal, IRS, Commissioner – ACC Export; Mr. Vishal Pal Singh, IRS, Commissioner – Airport; Mr. Dibyalok Singh, IRS, Deputy Commissioner – ACC Shed; and Mr. Anuj Kumar Pandey, IRS, Additional Deputy Commissioner – Airport. Representing the GJEPC were Mr. Antarpal Singh Sawhney, Regional Chairman – North, and Mr. Anil Sankhwal, Convener, Studded Jewellery Panel.
The meeting primarily addressed ways to optimise the draft SOPs for hand-carried jewellery exports through the Precious Cargo Warehouse (PCW) operated by Celebi at Delhi Airport. GJEPC representatives proposed practical solutions to remove procedural bottlenecks and speed up customs clearance. Among their key requests was the establishment of a dedicated detention room for appraised parcels within the Central Warehousing Corporation (CWC) cargo shed to reduce delays and improve exporter convenience.
Customs officials, led by Mr. Rastogi, responded positively to the recommendations and assured the delegation of due consideration. They also advised GJEPC to initiate discussions with CWC for space allocation to implement the suggested changes effectively.
National News
MCX Gold Sees Slight Decline Driven By A Firming US Dollar Index
The Dip In Domestic Gold Prices Reflects Broader Pressure Across Precious Metals Globally As Bullion Markets Adjust To International Currency Dynamics
Gold futures contracts trading on the Multi Commodity Exchange of India (MCX) registered a slight decline during Wednesday’s trading session, driven by a firming US dollar index and ongoing investor caution ahead of key global macroeconomic releases.
The MCX Gold December futures contract was quoted at Rs 1,48,274 per 10 grams, down Rs 1,269 or 0.85% from its previous close.
The dip in domestic gold prices reflects broader pressure across precious metals globally as bullion markets adjust to international currency dynamics.
Firm US Dollar: Strength in the US Dollar Index continues to make dollar-denominated commodities more expensive for international buyers, weighing on sentiment across major commodity exchanges.
Macroeconomic Data Expectations: Market participants are adopting a cautious stance ahead of upcoming international inflation data and macroeconomic policy signals, which are expected to shape near-term central bank monetary stances.
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