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GJEPC seeks government intervention over US reciprocal tariff proposal

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Top representatives of India’s gems and jewellery sector have urgently briefed Hon’ble Commerce Secretary  Sunil Barthwal, IAS, on the potential repercussions of the United States’ recent notice regarding reciprocal tariffs. The delegation, led by  Shaunak Parikh, Vice Chairman, GJEPC, along with  Adil Kotwal, President, Seepz Gem & Jewellery Manufacturers’ Association (SGJMA), and  Sabyasachi Ray, Executive Director, GJEPC, presented a detailed overview of the industry’s concerns and proposed mitigation strategies.

The briefing aimed to underscore the significant impact the proposed tariffs could have on Indian exports and the broader industry.  Satya Srinivas, IRS, Additional Secretary, Ministry of Commerce (MoC), and  Dnyaneshwar Patil, Development Commissioner, SEEPZ were also present to offer a comprehensive understanding of the issues at hand.

The US notice, which threatens reciprocal tariffs, has raised concerns within the Indian gems and jewellery sector, a key contributor to the nation’s export revenue. The industry leaders outlined the potential economic fallout and presented specific recommendations to safeguard interests.

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National News

GST Seminar Successfully Conducted by MWGJA for Jewellery Industry

Industry-Focused GST Session sees Strong Participation, Offering Practical Insights On Compliance, Taxation, and Operational Challenges

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The Mumbai Wholesale Gold Jewellers Association (MWGJA) successfully organised a highly informative GST seminar aimed at empowering the jewellery industry with practical knowledge and clarity on GST compliance on 23/04/26 at MP School.

The seminar, themed “Empowering the Industry with Knowledge – Learning, Growing, Leading,” witnessed an excellent response from jewellers and industry stakeholders across Mumbai.

The event was graced by distinguished dignitaries from the CGST Department, including:

  • R. S. Maheshwari – Principal Commissioner, CGST Mumbai 
  • Rajan Mishra – Assistant Commissioner, CGST Mumbai 
  • Danish Akhtar – Superintendent, CGST Mumbai 
  • Sanyam Johari – Inspector, CGST Mumbai 

Their valuable insights and practical guidance provided clarity on key GST issues faced by jewellers in their day-to-day operations.

Key topics covered during the seminar included labour charges (5% vs 18%), delivery challan rules and compliance, interstate movement of goods for sales and exhibitions, and common errors leading to notices, penalties, and input tax credit (ITC) blockage.

The session focused on real-world challenges and offered practical solutions, making it highly beneficial for attendees. The interactive Q&A session enabled participants to directly engage with the officers and resolve their queries.

The association’s office bearers, including President Mahesh Bafna, Secretary Shreyans Kothari, Vice Presidents Sandip Kothari and Dinesh Kothari, Treasurer Kamal Kothari, Past President Prakash Jain, Past Secretary Anil Pamecha, and Committee Member Nitesh Dhakad, played an active role in organising and successfully executing the seminar.

The event also received valuable support from leading industry bodies, including All India Gem and Jewellery Domestic Council (GJF), India Bullion and Jewellers Association (IBJA), Jewellers Youth Forum (JYF), Dagina Bazar Association, and Sarafa Welfare Association, further strengthening the impact and reach of the seminar.

The Association expressed sincere gratitude to the honourable chief guests, supporting associations, and all participants for contributing to the success of the seminar. It reaffirmed its commitment to continue organising such knowledge-driven initiatives for the benefit of the jewellery community.

The seminar concluded on a positive and impactful note, reinforcing the importance of awareness, compliance, and continuous learning in today’s evolving GST framework.

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