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
SBI research calls for policy to embed gold within India’s financial ecosystem
The State Bank of India (SBI) Research has urged the government to frame a comprehensive long-term gold policy to clearly define whether gold should be treated as a commodity or money, and to recognise its dual role as an investment and a cultural asset.
According to a report by Dr. Soumya Kanti Ghosh, Group Chief Economic Advisor at SBI, cited by IANS, India’s strong emotional and financial connection to gold makes it vital to integrate the metal into broader financial reforms. The study noted that while the West views gold as public property, in Asia — particularly India, China, and Japan — it remains a symbol of personal wealth and security.
The report, suggested exploring gold monetisation and gold-backed pension schemes, linking them with long-term economic goals.
Gold prices have surged over 50% in 2025 amid global uncertainty, boosting inflows into gold ETFs, whose assets under management rose 165% year-on-year to Rs.901.36 billion as of September. The Pension Fund Regulatory and Development Authority is also considering allowing pension funds to invest in gold and silver.
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