National News
GJEPC Unveils GCC Customs Guide for Gem & Jewellery Exporters
Comprehensive Guide Details Duties, VAT, Compliance Norms and FTA Benefits to Streamline India–Gulf Jewellery Trade
GJEPC has released a GCC Customs Guide covering import procedures for the UAE, Saudi Arabia, Qatar, Oman, Bahrain and Kuwait, to help exporters navigate compliance requirements and shipment planning.
The GCC remains a key market for India, with exports of about $8 billion in FY 2024-25, contributing nearly 27% of global shipments from the sector. The guide outlines customs duties, VAT Structures, Documentation Norms, Hallmarking and Assay Rules, Kimberley Process and CITES Compliance, Temporary Import Provisions, Port Procedures and Clearance Timelines.
The guide notes that GCC countries broadly follow a 5% import duty regime, with country-specific VAT and regulatory requirements, while CEPA and FTA benefits are available in markets such as the UAE and Oman subject to origin documentation.
Designed as a practical reference, the guide aims to reduce customs delays, compliance costs and entry barriers, particularly for new exporters targeting the Gulf region.
source:GJEPC
National News
Gold and Silver Futures Open Higher Amid Volatility In Currency and Bond Markets.
Strong Investment Demand and Continued Gold Buying By Central Banks, Especially China’s Central Bank, Further Supported Prices.
Gold and silver futures opened higher on Friday as investors turned to safe-haven assets amid volatility in currency and bond markets.
Gold futures opened higher on MCX. The benchmark October gold contract opened at Rs 1,60,630 per 10 gram, up Rs 1,205 from the previous close of Rs 1,59,425.
Silver futures also opened higher. The benchmark September silver contract on MCX opened at Rs 2,44,988 per kg, up Rs 1,745 from the previous close of Rs 2,43,243.
Rising crude oil prices, following the US move to impose wider sanctions on Iran, also raised concerns about inflation. Strong investment demand and continued gold buying by central banks, especially China’s central bank, further supported prices.
In global markets, gold was trading near $4,590 per ounce on Comex, while silver was around $69 per ounce. On MCX, gold futures were near Rs 1,59,700 per 10 grams and silver futures around Rs 2,44,600 per kg at the time of writing.
Gold and Silver Futures Open Higher Amid Volatility In Currency and Bond Markets.
Rakhi Gifts – Heer By GIVA: Gold Jewellery Your Sister Will Actually Wear All Year
Aditya Birla Capital Enters Gold Loan Market, Targets 1,000 Branches
Aditya Birla Capital Enters Gold Loan Market, Targets 1,000 Branches
Gold and Silver Futures Open Higher Amid Volatility In Currency and Bond Markets.
Rakhi Gifts – Heer By GIVA: Gold Jewellery Your Sister Will Actually Wear All Year
-
National News2 hours agoAditya Birla Capital Enters Gold Loan Market, Targets 1,000 Branches
-
National News28 minutes agoGold and Silver Futures Open Higher Amid Volatility In Currency and Bond Markets.
-
National News2 hours agoRakhi Gifts – Heer By GIVA: Gold Jewellery Your Sister Will Actually Wear All Year
-
National News1 day agoFour Months. Eleven Stores. Keemti’s Rapid Rise Signals Bold Retail Ambitions, Eyes 88 Stores By Year-End
JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.