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
GJEPC, IFSCA and IIBX Hold Webinar On Gold and Silver Supply Mechanism For Exporters
International Spot Prices Also Strengthened: Spot Gold Climbed Above $4,200/oz
GJEPC, in collaboration with the International Financial Services Centres Authority (IFSCA) and India International Bullion Exchange (IIBX), organized a webinar on 19 June to explain the newly liberalized framework that enables GJEPC Registration-cum-Membership Certificate (RCMC) holders to access gold and silver directly through IIBX for export purposes. More than 200 industry participants attended the session.
Delivering the special address, Ramakrishnan Padmanabhan, General Manager, IFSCA, spoke about the regulator’s efforts to broaden access to bullion imports and strengthen India’s bullion ecosystem.
Initiative is expected to improve access to precious metals for export manufacturing and provide a major boost to exporters, particularly MSMEs.
The technical session was led by Ashok Kumar Gautam, Managing Director & Chief Executive Officer, India International Bullion Exchange (IIBX). Officials from IFSCA and IIBX presented the operational framework of IIBX, detailing onboarding procedures, trading and settlement mechanisms, depository systems, vault infrastructure and customs processes. Participants were informed that eligible GJEPC RCMC holders can import gold and silver duty-free for export purposes under the prescribed customs framework.
K.K. Duggal, Senior Director – Policy, GJEPC, highlighted the significance of the recent regulatory change that recognizes all GJEPC RCMC holders as Qualified Jewellers on the IIBX platform.
The webinar concluded with an interactive question-and-answer session, during which queries from participants were addressed by officials from GJEPC, IFSCA and IIBX. Exporters were encouraged to onboard as Qualified Jewellers and leverage the IIBX ecosystem for transparent, efficient and globally competitive bullion sourcing.
GJEPC, IFSCA and IIBX Hold Webinar On Gold and Silver Supply Mechanism For Exporters
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Precious Metals Rally As Geopolitical Tensions Ease; MCX Gold Near Rs 1.48 Lakh, Silver Jumps Above Rs 2.35 Lakh
GJEPC, IFSCA and IIBX Hold Webinar On Gold and Silver Supply Mechanism For Exporters
Meta Is Reportedly Testing AI Pendant, Part Of Wearables Lineup Expansion
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National News33 minutes agoGJEPC, IFSCA and IIBX Hold Webinar On Gold and Silver Supply Mechanism For Exporters
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