50
th
ANNUAL REPORT 2015-2016 THE GEM & JEWELLERY EXPORT PROMOTION COUNCIL
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– President, Madras Jewellers and Diamond Merchants Association, Shri.
P.V. Jose – Chief Patron, Jewellery Manufacturers Association, Kerala, Shri.
Shankar Sen – Chairman, Senco Gold, Shri. G. Radhakrishnan – Executive
Director, GRT Jewellery, Shri. Babu – Chairman, Original Kerala Jewellery,
Shri. Prappanna Kumar – Managing Director, NAC Jewellery, Shri. Pratap
Kamath – Managing Director, Abaran, Shri. Tomy Joseph - General Manager,
Dubai Gold & Jewellery Group, Shri. A. Anand Kumar - ANS Dhivyam Jewels,
Shri. Shafeekh V.S – Corporate Head & Business Dev., Malabar Gold, Shri.
Sumesh Wadhera – Art of Jewellery, Shri. K.T. Chandy – E & Y.
13th August, 2015: A meeting held to review the progress of the KYC Project.
Shri. Vipul Shah, Shri. Saunak Parikh, Shri. Suresh Shah, Shri. Sabyasachi Ray,
Shri. Sandeep Sharma, Shri. Abhizar Bootwala, Shri. Pranay Narvekar were
present.
18th August, 2015: A meeting held with Shri Jayant Sinha, Hon’ble Minister of
State for Finance, GOI at Hotel Oberoi Towers to discuss the important issues
of gems & jewellery sector. Shri Jayant Sinha, MoSF, GOI; Shri Vipul Shah,
Shri Anoop Mehta; Shri Saunak Parikh; Shri Ajesh Mehta; Shri Praveen Shankar
Pandya; Shri Colin Shah; Shri Ashok Gajera; Shri Sabyasachi Ray; Shri Jeetu;
Shri Siddharth, OSD to MoSF, Shri A.Vishwanath, Shri Ajay Kumar.
18th August, 2015: 20th CoA meeting was held 1. To grant leave of absence, if
any, to the CoA Members unable to attend the Twentieth CoA meeting (2012-
14) 2. To consider and review the Minutes of previous CoA Meeting held on
05th August, 2015 in Mumbai.3. To discuss the presentation to be projected
in the Extra Ordinary General Meeting to be held on August 20, 2015, 4. To
note the communication dated 10th August 2015 addressed by Ordinary
Member and Invitee to CoA, Shri Rahul Gupta, on the notice of the EGM and its
annexures. Shri Vipul Shah, Shri Saunak Parikh, Shri Sanjay Kothari,Shri Sudhir
Kasliwal, Shri Colin Shah, Shri Ashok Kumar Singhi, Shri Sabyasachi Ray, Shri
Praveen Shankar Pandya, Shri Rahul Gupta, Shri Mahesh Vaghani, Shri Rajiv
Jain, Shri Jay Mehta (Practicing Company Secretary) were present.
19th August, 2015: A meeting held with JSC VTB Bank to discuss and update
the status of inclusion their name in the list of approved bullion suppliers by the
Council. Mr Serge Nenashev, Head of Precious Metals of VTB Bank, Mr. Tapan
Mohapatra, Mr. Sabyasachi Ray, Mr. Sudhir Patil.
20th August, 2015: Extra-Ordinary General Meeting of the members of the Gem
& Jewellery Export Promotion Council was held on August 20, 2015 at MCA,
Mumbai to finalse the AoA of the Council, to finalise the Election Rules etc. Ms.
Rupa Dutta, Economic Advisor, Mr. Bhaskar Kalra, Section Officer, MoC & I,
CoA Members, approx 100 Members of the Council, Mr. Vaibhav Jhunjhunwala
(Partner, AMJ & Co, Statutory Auditor), Mr. Jay Mehta (Practicing Company
Secretary), Adv. Kunal Vaishnav (Advocate & Solicitors) as an Observer, Mr.
Sabyasachi Ray, Mr. Sandeep Sharma, Secretariat were present.
20th August, 2015: Steering Committee meeting of Project Suvidha Cell for
Common Facility Project held on Thursday, 20th August, 2015 at 4 pm at MCA
Recreation Centre, BKC, Mumbai To elect the Convener of Project Steering
Committee / Project Suvidha Cell , . To discuss about the status of Indian
Diamond Institute as interested party to the Project, • Formation of Project
Suvidha Cell instead of SPV and scope of Project Steering Committee, •
Minutes of SFC meeting held on 17th March, 2015, • Project sanction order
dated 1.6.2015, To review the status of the Project, To discuss and approve
draft of MoU with Local Diamond Association & authority for signing of MoU
with LDA , Formation of implementing and monitoring committee for each CFC,
Appointment of Internal and Statutory Auditors for the project. Ms. Rupa Dutta,
Economic Advisor, MoC&I, Shri. Bhaskar Kalra, SO, MoC&I, Shri Vipul Shah,
Shri Dinesh Navadiya, Shri Sabyasachi Ray, Ms. Jilpa Sheth were present.
21st August, 2015: A Teleconference was held to discuss 1. India Turkey
Diamond BSM , Mumbai : Date proposed , need to finalise 6 days event
Schedule, 2. India Diamond Week , Duabi : Date Confirmed from DMCC , 1/2/3
Dec , We need to have confirmation on the date and go ahead for the event 3.
India China Diamond BSM , Mumbai : Appropriate Date to be finalised and
same to be conveyed to Becky for further, 4. Guangzhou Diamond Week/BSM
: In Process 5. INDIA/PAKISTAN/BANGLADESH. Shri. Saunak Parikh, Shri.
Ajesh Mehta, Shri. Sohil Kothari, Shri. Sabyasachi Ray, Shri. Sridhar Iyengar,
Shri. Anurag Kumar were present.
22nd August, 2015: 4th CFO Forum meeting held on 22nd August, 2015 at
GJEPC, HO to Update on GJEPC KYC Project, Demo Session of MyKYCBank.
com system. Mr. Bharat Shroff, Mr. Mitesh Bagadia, Mr. Jayesh Desai, Mr.
Rajesh Shah, Mr. Sureshkumar, Mr. Yatin, Mr. Sameer Mehta, Mr. Manoj
Sharma, Mr. Karunakaran, Mr. Nitin, Mr. Deepak Maniyar, Mr. Jignesh
Mangukia, Mr. Jagannath, Mr. Swapnil were present.
26th August, 2015: Meeting of the Exhibitions (National) Sub-Committee
held to discuss i. To take note of no-show / booth sharing cases observed
and reported during IIJS 2015, • NO SHOW 1. VICTORIA GEMS (Plain Gold
Section/9 sqmt/6S063 I/Hall 6), 2. SHASVAT DIAM (Loose Stones Section/9
sqmt/1G020 II/Hall 1), 3. KOTAWALA CREATIONS PVT. LTD. (Plain Gold
Section/12 sqmt/OB024 I/Hall 5), • BOOTH SHARING,, • EXHIBIT VIOLATION,
IGJME, III. SIGNATURE IIJS. Shri.Nirav Bhansali, Shri.Haresh Zaveri, Shri.
Shailesh Sanghani, Shri.Ravee Tanwani, Shri Nikunj Shah, Shri Radhe Kedia,
Shri Kaushal Ketan, Shri Sabyasachi Ray, Shri Aanurag Dhoot, Shri Vikrant
Pradhan, Shri Vishal Thakker, Shri Bhavin Khorasia, Ms Mithila Akre were
present.
26th August, 2015: A meeting held with Commissioner, Customs (General),
Shri. Jaiprakash Singh to discuss the Gold Replenishment Scheme and
cancellation of SBI customs bond. Shri J. P Singh, Shri Sabyasachi Ray, Dr.
Jitarani Udgata, & SBI officials were present.
27th August, 2015: GJEPC in co-ordination with the Income Tax Department
organised a Seminar on 27th August, 2015 with an objective of creating
awareness among members about TDS provisions and procedure to comply
with the same. Income Tax officials explained the ways to avoid any difficulties
with respect to TDS deduction, deposit and filing of TDS statements and
corrections thereof. Shri Darsi Suman Ratnam, Jt. Commissioner, Income Tax,
Shri Praveen Shankar Pandya, Shri Saunak Parekh, Shri Anoop Mehta, Shri
Sabyasachi Ray, Dr. Jitarani Udgata, Mr. A.Vishwanath, Mr. Sudhir Patil, Ms
Usha Kumari, & 85 Trade Member exporters were present.
28th August, 2015. A meeting was held with Ms. Rita Teaotia, Hon’ble
Commerce Secretary at Mumbai to discuss the State level policy issues.
Central Govt. Offcials, State Govt. Offcials, Representatives from EPCs, Seepz
Offcials, Exporters, Shri Vipul Shah, Shri Praveen Shankar Pandya, Shri Ashish
Kothari, Dr. Jitarani Udgata were present.
31st August, 2015: BDB has organised a farewell lunch and get together in
favor of Deputy Commissioner (PCCCC) Shri Pratul Tiwari, at BDB Admin
Office on Monday, 31st August 2015. BDB Committee Members, Shri. Ajesh
Mehta, Shri. Sabyasachi Ray were present.
2nd September, 2015: A meeting held with Mr. Harsh Parekh, Rapaport to
discuss the general issues related to diamond industry. Mr. Sabyasachi Ray,
Mr. Harsh Parekh were present.
3rd September, 2015: Meeting held with Dr. Surendrakumar Bagde,IAS,
Secretary (SME) & DC (Industries), Govt. of Maharashtra, 3rd September
2015 at Conference Room, BDB, BKC to discuss 1. Octroi issues:- i. HS code
71131930 to be classified in 4 digit level i.e., 7113, ii. Deletion of contradictory
points in the circular AC/8/OSSC dated 31st March 2011, iii. Filing of return
Octroi from Gem & Jewellery Industry, 2. Refund of VAT, 3. Special Notified
Zone, 4. Jewellery Park Proposal. Dr. Surendrakumar Bagde, IAS, Secretary
(SME) & DC (Industries), Shri A.I Jarhad, Joint Chief Executive Officer, Shri
H.R Kapgate, Jt. Commissioner, Sales Tax, Shri V.P Shukla, SEEPZ, DDC,
Shri Adesh Bhangle, Assessor & Collector, BMC, Shri Suhas Khamkar, Supdt
(Octroi), Shri C.Y Khandare, Snr. Planner, MMRDA, Shri Santosh Shelke,
Deputy Planner, MIDC, Shri Praveen Shankar Pandya, GJEPC,Shri Mehul
Shah, BDB, Shri Sabyasachi Ray, Dr. Jitarani Udgata, . Ms. Usha Kumari, Mr.
A.Vishwanath, GJEPC, . Mr. Sudhir Patil, Ms. Sonali, BDB, ,Ms Sonam Mehta,
BDB, Mr. Trehan, BDB, Ms. Manali, BDB, Mr. Girish Jain, BDB were present.
4th September, 2015: A meeting held to discuss the Payroll Migration of
the Council Employees. Shri. Sabyasachi Ray, Shri. Sandeep Sharma, Ms.
Priyanka Goel, Ms. Linu Jose.
4th September, 2015: A meeting held with Dr. Kavita Gupta, Additional
Director General of Foreign Trade, Zonal DGFT, Mumbai to discuss the
Council’s Election process and the Notice to be issued to the Members. Shri.
