50
th
ANNUAL REPORT 2015-2016 THE GEM & JEWELLERY EXPORT PROMOTION COUNCIL
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18th May, 2015: Council’s Extra Ordinary General Meeting held at Hotel
Sofitel to discuss as per the agenda point circulated. CoA Members, Member
Exporters, Secretariat were present.
20th May, 2015: A meeting was held with the member exporters to discuss
about the ECIB cover & ECGC policy. Shri Praveen Shankar Pandya-Convener,
Shri Saunak Parikh, Shri Parag Parekh, Shri Rahul Dholakia, Shri Rajesh
Kanadia, Shri S.D Bhat, Shri Mavji Patel, Shri Goti Prakash, Shri Hirabhai, Shri
Navin M Madhu, Shri Ghanshyam Dholakia, Shri M.K Ray, Shri Sabyasachi
Ray, Shri Suresh Khairwar, Dr. Jitarani Udgata, Mr. A. Vishwanath were present
22nd May, 2015: ED & Ms. Kavita Balel attended the KP WGDE Sub group on
valuation teleconference to discuss:- Terms of Reference , Way forward and
AOB. Shri. Sabyasachi Ray, Ms. Kavita Balel.
26th May, 2015: Meeting with Smt. Rupa Dutta to discuss the requirement of
making a strategy paper to enhance exports from gem &jewellery sector. Shri.
Sabyaasachi Ray attended the meeting.
26th May, 2015: Meeting with Shri. Siddharth to discuss the requirement of
making a strategy paper to enhance exports from gem & jewellery sector. Shri.
Sabyaasachi Ray attended the meeting.
26th May, 2015: A meeting was held with top 3 banks i.e., SBI, BOI, BOB
to discuss about the challenges faced due to conversion of Whole Turnover
Policy to Individual Policy by ECGC due to some past defaults. Shri Sunit V
Joshi-CGM, SBI, Shri Shashikanth Parekh-DGM, SBI, Shri Donald M Colaco,
Relationship Manager ,SBI, Shri Ashwini Sharma, DGM, BOB, Shri Arvind
Verma, DGM, BOI, Shri Murli Iyer, DGM, BOI, Shri Amit , BOB, Shri Praveen
Shankar Pandya, ECGC-Convener, Shri Saunak Parekh, BITC-Convener, Shri
Ajesh Mehta, DPC-Co-convener, Shri Prakash Goti, Ms. Manali Parekh, Shri
Parag Parekh, , Shri Sanjeev Kothari, Shri Manish Painter, Shri MavjiBhai Patel,
Shri. Hirabhai, Shri Rahul Dholakia, Shri Tattaria, Shri Suresh Khairwar, Shri
Maulik Shah, Dr. Jitarani Udgata, Mr. A.Vishwanath, Mr. Sudhir Patil were
present.
27th May, 2015: A meeting was held with Mr. V.K Garg to discuss the GST & it
on impact on GJD industry and to update about the Sarine Machine duty issue.
Mr. V.K Garg, Shri Saunak Parikh, Shri Konal Doshi, Shri Sabyasachi Ray, Dr.
Jitarani Udgata, Mr. Sagar, Mr. A.Vishwanath were present.
30th May, 2015: A meeting was held with Shri A.K Kaushal - Member( Customs)
to discuss about the current issues of the customs. Ex- Chief Commissioner
of Customs Zone - I, Shri. A.K. Kaushal - now Member (Customs), along with
Shri. Ravinder Swaroop, Commissioner (Import), Air Cargo Complex, Sahar,
Shri. A.K. Gupta, Commissioner (Export), Air Cargo Complex, Sahar, Shri. J.P.
Singh, Commissioner (General), Air Cargo Complex, Sahar, Shri. D.K. Srinivas,
Commissioner (Marine & Preventive), New Custom House, Ballad pier, Shri.
Dilip Goyal, Additional Commissioner of Customs (Airport), Shri Sanjay Kothari,
Shri Suresh Shah, Shri Saunak Parekh, Dr. Jitarani Udgata, Mr. A.Vishwanath,
Mr. Sudhir Patil, Mr. Harish Reddy & few prominent exporters of the GJD
industry were present.
5th June, 2015: A meeting held with Shri. A.K.Pandey, CGM, RBI to discuss
the issue of Gold Replenishment scheme. Shri. Sabyasachi Ray attended the
meeting.
5th June, 2015: A meeting held with Spenta Multimedia to discuss to discuss
and finalise IIJS 2015 Catalogue Design. Shri. Sanjay Kothari, Shri. Nirav
Bhansali, Shri. Sabyasachi Ray, Shri. Aanurag Dhoot, Ms.Dolly Choudhary,
Shri. Manek Davar, Ms. Shanoo Bijlani were present.
8th June, 2015: A meeting was held with Mr. Karl Van de Bossche, Consul
General of Belgium in Mumbai and his successor at the Consulate office. Mr.
Vipul Shah, Mr. Sabyasachi Ray, Mr. Karl Vanden Bossche, Consul General,
Mr. Jürgen MAERSCHAND, Trade and Investment Commissioner of Belgium
Consulate.
9th June, 2015: The adjourned EGM was held at Maharashtra Cricket
Association to discuss and resolve the issues related to Election procedure
and AoA of the Council. CoA Members, Members of the Council, Secretariat
were present.
10th June, 2015: A meeting held with Ms. Shimul Vyas, NID to discuss the
way forward on Trend Research in India. Shri. Sanjay Kothari, Shri. Navin
Jashnani, Shri. Colin Shah, Shri. Sabyasachi Ray, Ms. Dolly Choudhary, Ms.
Raksha Manihar, Ms. Shimul Vyas were present.
10th June, 2015: KP WGM teleconference was held to discuss : Draft-
Agenda for WGM Teleconference (10 June 2015), Draft-Report on WGM
Teleconference (29 April 2015), Proposed Allocation for Assessments of
Annual Reports 2014, Updated WGM Work Programme + List of Review Visits
2015/16, Draft-Review Visit Guidance Book (Study Tour) , CAR Draft-report on
review Mission (28 April-5 May 2015) , Draft KP Chair Reply to FATF President
Letter (3 October 2014) , Revised Draft-Survey on AML/CTF Legislation , Draft-
WGM Agenda for KP Inter-sessional (22-26 June 2015), Provisional Timetable
for WGM Teleconferences 2015. Shri. Sabyasachi Ray, Shri. Harish Reddy
were present.
12th June, 2015: A meeting held to discuss the present status of EDI system.
Also the members discussed about the Custom Bond Issue & allowance
of exports of diamonds, gemstones and gold jewellery through personal
carriage through Mumbai Airport. Shri A.K. Kaushal, Member Customs,
Smt Arti A.Srinivas, Additional Director General -Systems Shri. Ravinder
Swaroop, Commissioner (Import), Air Cargo Complex, Sahar, Shri. A.K.
Gupta, Commissioner (Export), Air Cargo Complex, Sahar, Shri. J.P. Singh,
Commissioner (General), Air Cargo Complex, Sahar, Shri. D.K. Srinivas,
Commissioner (Marine & Preventive), New Custom House, Ballad pier, Shri.
Dilip Goyal, Additional Commissioner of Customs (Airport), Shri. Sabyasachi
Ray & 39 Members were present.
29th June, 2015: HoD/RD Meeting held to discuss the Administrative matters
of the Council. Shri. Sabyasachi Ray, Shri. Sandeep Sharma, HoDs and RDs
were present.
29th June, 2015: A meeting held with De Beers Team to discuss the SNZ
operations and inclusion of IIDGR in the list of laboratories to import diamonds
for certification/grading purposes. Mr. Rajiv Bhandari, Mr. Neil Ventura, Mr.
Hugh Tanner, Mr Lung King Wan, Mr. Sabyasachi Ray, Ms. Usha Kumari were
present.
30th June, 2015: A meeting held with the newly joined Economic Officer of
the Consul General of USA in Mumbai , Mr.Firend Zora to introduce the Indian
gem & jewellery industry. Mr. Firend Zora, Ms. Trisha Chilimbi, Mr. Sabyasachi
Ray, Ms. Usha Kumari.
4th July, 2015: A joint meeting of the diamond exporters called by GJEPC,
BDB and MDMA on 4th July, 2015 at Trading Hall, BDB to address / identify
the issues faced by the diamond industry and the way forward. Around 39
prominent trade members were present including President-BDB, President
- MDMA and Chairman – GJEPC with active participation by all the members.
Shri. Sabyasachi Ray, Ms. Kavita Balel were present.
6th July, 2015: Mr Siddharth, DG, DGS&D sought to interact with the mining
companies regarding taxation issues / queries if any related to upcoming SNZ
project as the same is expected to be ready by 1st week of August 2015. Mr.
Siddhath, DG, DGS&D, Mr. Rajiv Bhandari, Chairman – De Beers India, Mr.
Percy Dajee,Director Finance & Company Secretary – De Beers, Mr. Alastair
Hunter, De Beers, Ms. Anagha Malekar – Deloitte (De Beers), Mr. Amit Sarkar
– Deloitte (De Beers), Mr. Vikram Merchant, Rio Tinto Diamonds, Mr. Senthil
Kumaran, Dominion Diamond, Mr. Vipul Shah, Mr. Suresh Shah, Mr. Ajesh
Mehta, Mr. Sanjay Kothari, Mr. Anoop Mehta, BDB, Mr. Mehul Shah, BDB,
Mr. Jasvant Parikh, BDB, Mr. Sabyasachi Ray, Mr. R.P. Trehan were present.
7th July, 2015: In continuation to the diamond exporters meeting held on 4th
July, 2015, a second meeting of top 250 members held at Trading Hall, BDB
to discuss the current market situation and issues faced by Diamond Industry
and derive a way forward. Approximately 200 Member Exporters, BDB, MDMA
& GJEPC Committee members, Secretariat were present.
8th July, 2015: HoD/RD Meeting to discuss the Administrative matters. HoDs,
RDs, ED, CFO and HR Team were present.
13th July, 2015: A meeting was held with PwC to discuss about the GST related
issues impacting the Gem and Jewellery sector, on the way forward including
any representation. Mr. Vishal Shah, Mr. Dharmesh Panchal ,Mr. Niren Shethia,
Mr. Saunak Parikh, Mr. Sabyasachi Ray , Dr. Jitarani , Mr. A.Vishwanath were
present.
14th July, 2015: A meeting was held with Mr. Suresh Khairwar to discuss about
