National News
GJEPC & Mumbai Customs Host Session on Hand-Carried Jewellery Exports
Industry, Customs Officials Outline Procedures, Compliance Norms and Budget 2026–27 Measures to Streamline High-Value Shipments from Mumbai Airport
GJEPC, in association with Bharat Diamond Bourse (BDB) and Mumbai Customs, conducted a focused session on Hand-Carried Jewellery Exports from Mumbai Airport at BDB on 17 February. The session provided practical guidance on procedures for carrying high-value jewellery consignments, documentation requirements, and compliance protocols. It also included a briefing on key Budget 2026-27 provisions for the gem and jewellery sector. The event was graced by Ashish Borda, Convener – PMBD, GJEPC, who welcomed the guest speakers.
In his keynote address, Harsh Singh, Additional Commissioner of Customs, Precious Cargo Customs Clearance Centre (PCCCC), presented an overview of Budget 2026–27 announcements relevant to the gem and jewellery sector. He highlighted policy measures aimed at reducing trade friction, lowering entry barriers for exporters, and enabling companies, particularly MSMEs, to access global markets more efficiently. He also noted that improving sentiment and leveraging new trade opportunities would be important after a challenging year.
Explaining the operational framework, Inderveer Singh, Deputy Commissioner (Imports), PCCCC, explained that the hand carriage facility enables passengers to carry jewellery consignments in personal baggage under Customs supervision, supported by secure storage, sealing, and escorted movement at the airport. He clarified that documentation requirements remain largely aligned with regular filings, with specific passenger and flight details added, and emphasised that clearance timelines are being kept minimal, with a target of completing processes within about 24 hours to avoid trade disruption.
Also present on the occasion was Jayesh Jadhav, Assistant Commissioner, PCCCC. GJEPC has been instrumental in initiating and operationalising the hand-carriage jewellery export facility in Mumbai through sustained engagement with Customs authorities, aimed at enabling faster, cost-efficient shipments for exporters. GJEPC together with Mumbai Customs had inaugurated the Jewellery Hand Carriage Facilitation Centre at Mumbai Airport – Terminal 2, in July 2025.
National News
Shringar House of Mangalsutra Signs MoU With IAGES To Enhance Trust In Gold Jewellery Trade
Mumbai, April 4, 2026: Shringar House of Mangalsutra Limited, one of India’s leading manufacturers of mangalsutra, has signed a Memorandum of Understanding (MoU) with the Indian Association for Gold Excellence and Standards (IAGES), reinforcing its commitment to advancing transparency, ethical practices, and standardisation across India’s gold jewellery industry.
India’s gold jewellery market is the cornerstone of the country’s culture and economy and continues to evolve with increasing focus on quality, trust, and standardisation. Frameworks such as IAGES, in alignment with the Bureau of Indian Standards (BIS) hallmarking system, are playing a pivotal role in strengthening consumer confidence and enabling the industry’s next phase of growth. With a large base of family-run businesses across the country, such initiatives will help in expanding access to certification and best practices across tier-2 and tier-3 markets.
Under this partnership, Shringar will actively promote the IAGES accreditation framework and Code of Conduct across its nationwide network of 2,000+ retailers and wholesalers. This will drive the adoption of responsible and standardised practices at the grassroots level. The collaboration will also roll out joint initiatives, including online webinars on compliance and industry best practices, accreditation drives across Shringar’s partner network, and awareness campaigns, both online and offline, to encourage broader adoption of the IAGES Code of Conduct.
Commenting on the collaboration, Mr. Chetan Thadeshwar, Chairman & Managing Director, Shringar House of Mangalsutra Limited, said:
“We have always believed that trust and transparency are essential in building a resilient jewellery industry. Our partnership with IAGES is a significant step in that direction, as we work towards strengthening ethical practices and standardisation across the ecosystem. By supporting IAGES’s accreditation mission, we look forward to driving meaningful change and setting higher benchmarks for the industry.”
Mr. Kaushlendra Sinha, CEO, IAGES, added:
“Shringar House of Mangalsutra’s is a respectable name in the Gold Industry, and their extensive reach across India’s jewellery retail landscape makes them a strong partner in advancing IAGES’s mission of driving transparency and ethical practices in the gold industry. This MoU will help accelerate accreditation awareness and adoption across their vast network, enabling us to collectively raise industry benchmarks and strengthen consumer confidence. We are thankful to Shringar leadership for proactively coming forward to promote the cause of transparency and good practices in the Indian Gold Industry.”
Shringar’s extensive reach across India’s jewellery retail landscape positions it as a key enabler in amplifying IAGES’s accreditation mission. The company will work with IAGES to support accreditation outreach, while IAGES solely handles accreditation.
Shringar House of Mangalsutra Signs MoU With IAGES To Enhance Trust In Gold Jewellery Trade
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