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ANNUAL REPORT 2015-2016 THE GEM & JEWELLERY EXPORT PROMOTION COUNCIL
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Sabyasachi Ray, Shri. M.S. Pandey, Legal Team were present.
7th September, 2015: A meeting held with H.E. Shri. P.S. Raghavan, Indian
Ambassador to Moscow, Russia to discuss the various issues concerning the
diamonds industry, particularly those concerned with Russia, taxations issues
pertaining to the rough diamond trade at SNZ. H.E. Shri. P.S. Raghavan, Shri.
Vipul Shah, Shri. Sabyasachi Ray, Shri. K.K. Duggal, Ms. Archana Gautam
were present.
8th September, 2015: A meeting held with Deloitte to discuss and review
the proposal provided by them for representing the taxation issues at SNZ.
Shri. Praveen Shankar Pandya, Shri. Ajesh Mehta, Shri. Sabyasachi Ray, Dr.
Jitarani Udgata, Shri. Sudhir Patil, Shri. Abhizar Bootwala, Shri. A. Vishwanath,
Ms. Anagha Malekar, Ms. Mansi Mehta were present.
9th September, 2015: A meeting held with Shri. Ashish Kothari, Jewelex to
discuss and finalise the points to be taken at the meeting at Ministry to discuss
the issues related to gem & jewellery sector at SEZ. Shri. Sabyasachi Ray,
Shri. Sudhir Patil.
10th September, 2015: A meeting held under the Chairmanship of Smt.
Rita Teaotia, Commerce Secretary to discuss the causes of slowdown and
operational issues creating hurdles on growth of SEZ and tax related issues
etc. Shri. Sabyasachi Ray, Shri. Ashish Shah, Director, Gold Star, Shri. K.K.
Duggal, Ms. Archana Gautam.
10th September, 2015: A courtesy call was extended to the new DGFT,
Shri Anup Wadhawan and key pending FTP issues were highlighted. Shri.
Sabyasachi Ray, Shri. K.K. Duggal were present.
10th September, 2015: A meeting was held with Shri Rajesh Kumar, Director,
North Block to discuss the issue of requirement of CA certificate for imports.
Shri. Sabyasachi Ray, Shri. K.K. Duggal were present.
11th September, 2015: HoD/RD Meeting to discuss the Administrative
matters. Shri. Sabyasachi Ray, Shri. Sandeep Sharma, All HoDs, RDs, HR
Team were present.
11th September, 2015: Rio Tinto officials visited IDTC (Special Notified
Zone) to see and understand the SNZ facility. Mr. Patrick Coppens, General
Manager -Sales & Mr. Benjamin Lewis, Manager – Customer Accounts , Mr.
Vikram Merchant, Shri. Anoop Mehta, Shri. Ajesh Mehta, Shri. Sabyasachi
Ray, Shri. Abhizar Bootwala were present.
14th September, 2015: A meeting was organised by CII to discuss Regional
Comprehensive Economic Partnership (RCEP) Negotiations Industry
Consultation. Shri. Sabyasachi Ray, Shri. Sudhir Patil were present.
15th September, 2015: A 13Member delegation from the US Consulate headed
by the Consul General Mr. Thomas Vajda visited Bharat Diamond Bourse
to see the functioning of the Bourse and the diamond trade located in the
course. Thomas Vajda, Firend Zora, Sara O’Mohundro, Michael Oskin,Dustin
Dockiewicz, Kevin Wilson, Cheryl Collins, James Snoddy, Adnan Mithani, Matt
Kustel, Maria Davydenko, Joel Burger, Kristina Tonn were present.
16th September 2015: A meeting was held to discuss about the space
allocation for Jewellery Park. Shri Praveen Shankar Pandya, Convener- BITC,
Shri Manshukh Kothari, Shri Vasantraj Birawat, Shri Mehul Shah, Shri G.R.
Jain, Sanjay V. Jain, Shri Sabyasachi Ray, Dr. Jitarani Udgata were present.
19th September, 2015: Based on the directives from DGFT, New Delhi, Dr.
Kavita Gupta, Additional DGFT, Mumbai visited the laboratories, HRD Antwerp
and GSI to study the working of the labs who have applied for including their
name in the list of approved laboratories for export/import of diamonds for
certification and grading purpose. Dr. Kavita Gupta, Shri G.K.Mishra, FTDO
Shri E. Lekshmanan, Section Head, Shri. Sabyasachi Ray, Ms. Kavita Hebalkar
were present.
21st to 25th September, 2015: Shri. Sabyasachi Ray accompanied Shri.
Siddharth, DG, DGS&D for the Kimberley Process Review Visit to EU countries
where in India was the leader of the Review Visit Team. Team Members: India,
Russian Federation, UAE, DRC, United States, World Diamond Council and
Civil Society Coalition were present.
29th September 2015 , Pearl Subcommittee Meeting: A meeting was organized
to discuss about to discuss about necessary action for the ongoing issues of
pearl import and export & finalize the presentation prepared for deal with
this issue. Shri Haresh Zaveri, Shri Dipak Taswala, Shri Bhavik Jhaveri, Shri
Kalpesh, Shri Sabyasachi Ray, Dr. Jitarani, Mr. A.Vishwanath were present.
1st October, 2015: A meeting was held to discuss the Inter departmental
SLAs. Shri. Sabyasachi Ray, Shri. Sandeep Sharma, HoDs & RDs were
present at the meeting.
5th October, 2015: A meeting was held under the Chairmanship of Shri
Shailendra Singh, Joint Secretary, DIPP for promoting and boosting export
of gold, gems and jewellery, reducing imports and current account deficit
arising out of gems and jewellery sector & strengthening its manufacturing
on 5th October, 2015 in Udyog Bhavan. Shri. Colin Shah, Shri. Rahul Gupta,
Shri. Sabyasachi Ray, Shri. K.K. Duggal, Ms. Archana Gautam were present.
6th October, 2015: A & F Sub-Committee meeting held to discuss, confirm
& approve the minutes of the last A & F sub-committee meeting held
on 06th October 2015, To Discuss & Approve the audited stand-alone and
consolidated final accounts (financial statements) for the year ended 31st
March, 2015.To discuss the appointment of Internal Auditor of Mumbai Head
Office, To appoint Internal and Branch Auditors and statutory auditor for the
year 2015-16, To Discuss the Internal Audit report for FY-2014-15. Shri Vipul
Shah, Shri Suresh Shah , Shri Saunak Parikh , Shri Nirav Bhansali , Shri Anil
Shankhwal, Shri Praveenshankar Pandya, Shri Sabyasachi Ray,Shri Sandeep
Sharma , Shri Bijal Shah , Ms Meghna Dattani , Shri Mahendra Goel were
present.
6th October, 2015: 21st meeting of the Committee of Administration was
held at the Council’s office 1. To grant leave of absence, if any, to the CoA
Members unable to attend the Twenty first CoA meeting, 2. To consider and
review the Minutes of previous CoA Meeting held on 18th August, 2015 in
Mumbai, 3. Noting of the actions taken based on discussions and decisions
of the Twentieth meeting of the CoA on August 18, 2015, 4. To Consider
and approve, with or without modifications, the Meeting Minutes / decisions
of the Sub-committees/Regional Committees taken during the intervening
period between the last CoA Meeting held on August 18, 2015, and this CoA
meeting; To consider & approve the audited stand-alone and consolidated
final accounts (financial statements) for the year ended 31st March, 2015,
6. To consider ratification of appointment of Statutory Auditor and Branch
Auditors of the Council, for the year ended 31st March 2016 etc. Shri Vipul
Shah, Shri Saunak Parikh, Shri Sanjay Kothari, Shri Nirav Bhansali, Shri Ajesh
Mehta, Shri Atul Jain, Shri Dineshbhai Navadiya, Shri Subir Sen (Partly through
teleconference), Shri Sabyasachi Ray, Shri Praveen Shankar Pandya, Shri Anil
Sankhwal, Shri Mahendra Gohel, Shri Jay Mehta, Shri Sandeep Sharma, Shri
Bijal Shah, Shri Murtuza Kalyanwala, Shri Rajesh Narvekar were present.
7th October, 2015: A meeting was held under the Chairmanship of Commerce
Secretary to review the export trend and steps to be taken to increase the
exports from India. Shri P.S.Pandya, Shri Saunak Parikh, Shri Sabyasachi Ray
were present.
7th October, 2015: A meeting was held under the Chairmanship of Shri Manoj
Dwivedi to review the current status of the Industry. A presentation on the same
was given by the Executive Director. Shri P.S.Pandya, Shri Saunak Parikh, Shri
Sabyasachi Ray, Shri K.K.Duggal, Ms Archana Gautam were present.
7th October, 2015: A meeting was held under the Chairmanship of Revenue
Secretary to discuss the critical issues of SNZ and Transfer Pricing. Shri
P.S.Pandya, Shri Saunak Parikh, Shri Sabyasachi Ray, Shri K.K.Duggal were
present.
8th October 2015: A meeting was orgnaized to discuss the problems faced at
the time of import of pearls, as there is an ambiguity related to the interpretation
of processed & unprocessed pearls vis a vis worked and unworked pearls as
classified under IT ( HS) system. Ms. Sarika Shah, Dr. Jayshree Panjikar, Mr.
Aatish Panjikar, Dr. M.D Sastry, Mr. K.T Ramchandran, Shri Sanal Nair, Shri
A.P Sharma, Shri S.K Singh, Shri Saba Sebastian, Shri Shripal Desai, Shri
Dipak Taswala, Shri Bhavik Jhaveri, Shri Rajesh Jhaveri, Shri Sabyasachi Ray,
Dr. Jitarani Udgata, Mr. A.Vishwanath were present.
12th October, 2015: A meeting held with Mr. V.S. Seshadri, Vice Chairman RIS
to discuss India - Japan CEPA at the Council office. A discussion was held
on India – Japan CEPA & its impact on the g&j industry. Mr. V.S. Seshadri, Mr.
Sabyasachi Ray, Mr. Sudhir Patil were present.
16th October, 2015: A meeting was held in Department of Revenue to discuss
the guidelines of FATF. Shri Atul Jain, Shri Sayasachi Ray, Shri K.K. Duggal
were present.
16th October, 2015: A meeting was held with Shri Manjoj Dwivedi, Joint
Secretary to discuss the Pre Budget Proposals and OCED seminar on
responsible gold supply. Shri. Sabyasachi Ray, Shri. K.K. Duggal were
present.
16th October, 2015: A meeting was held with Shri Rajiv Yadav, Director, DoR
to discuss the issue of service tax on diamond processing. Shri. Sabyasachi
Ray, Shri. K.K. Duggal were present.
26th October, 2015: Meeting with Mr. Alberto Osimo President, Gemmological
Education Certification Institute , Italy dated 26th October, 2015 to discuss the
opening of their lab in India, especially in BDB. Mr. Sabyasachi Ray, Mr. Shaji
Narayanan, Mr. Sudhir Patil were present.
27th October 2015, Comprehensive Policy on Gold Meeting: A meeting was
organized to discuss about the the formulation of Comprehensive Policy on
Gold. The following issues are proposed to be discussed: i. Sourcing of Gold –
domestic, mining, import, recycling and refining ii. Trading of Gold – physical
and commodity trading iii. Manufacturing iv. Retailing v. Gold based financial
products. Shri. Manoj Dwivedi- Joint Secretary, MOC&I, Shri. Prithviraj Kothari-
RSBC, Shri. Surendra Mehta-IBJA, Shri. Johnson Lewis-Scotia Bank, Shri.
