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
Bullion Outlook Stays Bullish; Silver Seen Cheaper Than Gold
Renewed Buying In Precious Metals, A Softer US Dollar and Easing Inflation Concerns Have Supported The Latest Recovery
Gold and silver extended their gains on Friday, keeping the bullion outlook firmly positive, with analysts viewing silver as relatively cheaper than gold and offering further upside potential.
On the MCX, gold rose Rs 324, or 0.20%, to Rs 1,59,320 per 10 grams, after touching an intraday high of Rs 1,59,741. Silver climbed Rs 2,699, or 1.12%, to Rs 2,43,350 per kg, hitting a high of Rs 2,44,950. Silver also staged a strong recovery from its intraday low of Rs 2,39,049.
renewed buying in precious metals, a softer US dollar and easing inflation concerns have supported the latest recovery. Lower crude oil prices have reduced fears of further US Federal Reserve rate hikes, while continued central-bank gold purchases and ETF inflows are adding strength to the market.
Market participants will now closely track US Fed commentary, including Chair Kevin Warsh’s remarks at the Jackson Hole Symposium, for cues on the future interest-rate path.
With gold near record-high levels, analysts see silver as relatively undervalued, keeping the white metal firmly on investors’ radar.
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