50
th
ANNUAL REPORT 2015-2016 THE GEM & JEWELLERY EXPORT PROMOTION COUNCIL
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Sunil Kashyap- Scotia Bank, Shri. Ankit Shah-GJF, Shri. Nirakar Chand-DIL,
Shri. Ashok Minawala-GJF, Shri. Mansukh Kothari-Vasupati Jewelles (GJEPC),
Shri. Rajan Venkatesh-Scotia Bank, Shri. Balram Garg- P C Jewellers (GJEPC),
Smt. Mugdha Agarwal- MMTC Ltd, Shri. Sunil Kashyap- Scotia Bank, Shri.
Sabyasachi Ray, Shri. K.K. Duggal, Dr. Jitarani Udgata, Smt. Archana Gautam,
Shri. A. Vishwanath, Shri. Sudhir Patil were present.
27th October 2015, PwC meeting with Joint Secretary: A meeting was organized
to discuss about the presumptive taxation presentation. Shri. Manoj Dwivedi-
Joint Secretary, Shri Vishal, PwC, Shri Praveen Shankar Pandya, Shri Russell
Mehta, Shri Saunak Parikh, Shri Ajesh Mehta, Shri Balram Garg, Ms. Khyati
Shah, Dr. Jitarani Udgata, Ms. Archana Gautam, Mr. A.Vishwanath, Mr. Sudhir
Patil were present.
27th October, 2015: First meeting of the Committee of Administration (for term
of 2015–17) of the Gem and Jewellery Export Promotion Council held at 8th
floor, Pallazio, Hotel St. Regis (previously known as hotel palladium), 462,
Senapati Bapat Marg, Lower Parel, Mumbai to discuss the agenda points 1.
To grant leave of absence, if any, to the CoA Members unable to attend the
first CoA meeting, 2. To consider and review the Minutes of previous CoA
Meeting held on 06th October, 2015 in Mumbai, 3. To Review the Export
figures and formulate the strategy thereof, 4. To note the cessation of tenure
of the Members of the Committee of Administration for term (2012-14) and to
place on record the composition of the Committee of Administration for term
(2015-17) and the statutory compliances required for the same thereof, 5. To
elect the Convener and Co-Convener of sub-committees and the Panels and
Regional Committees for the term 2015-17, 6. To consider and approve of the
administrative decisions required in the discharge of the day to day activities of
the Council including nomination of authorized signatories in the Bank accounts
of the Council, 7. To note the communication dated 8th September 2015, having
Ref No. F.No.12/35/2009- EP (G&J) addressed by the Ministry on the proposal
received from the Dept. of Revenue for assigning the responsibility of Regulator
of the dealers of Gems & Jewellery sector to GJEPC etc. Shri Praveenshankar
Pandya, Shri Russell Mehta,Shri Anil Virani, Shri Ajesh Mehta, Shri Balram
Garg, Shri Dilip Shah, Shri Jitendra Rakyan, Shri Kirit Bhansali, Shri Kishandas
Maheshwari, Shri K Srinivasan, Shri Manish Jivani, Shri Ram Babu Gupta, Shri
Mansukh Kothari, Shri Nirav Bhansali, Shri Sanjay Shah, Shri Saunak Parikh,
Shri Shailesh Sangani, Shri Vijay Kedia,Shri Anil Sankhwal, Shri Ashok Gajera,
Shri Dineshbhai Navadiya, Shri Mahender Kumar Tayal, Shri Prakash Pinchha,
Shri Pramod Agarwal, Shri Manoj Dwivedi Jt. Secretary, Ministry of Commerce &
Industry, Shri Sabyasachi Ray,Shri Mahendra Gohel, Shri Jay Mehta- Practicing
Company Secretary, Shri Sandeep Sharma, Shri Murtuza Kalyanwala, Shri
Rajesh Narvekar were present.
28th October, 2015: Council’s 49th AGM was conducted at “Boundary”, RG-2,
Mumbai Cricket Association, G Block, Bandra Kurla Complex, Bandra (East),
Mumbai- 400 051. Shri. Manoj Dwivedi, JS, Committee Members, Members of
the Council, Secretariat.
28th October 2015: ECGC’s MBEP policy for GJD sector was launched during
the 49th AGM of the Council at Mumbai Cricket Association. Shri Dharmarajan,
Shri Abhishek Jain, & 60 members from trade attended the event.
29th October, 2015: A meeting was held with MoS - Home requesting his
support for Presumptive Taxation Matter. Shri. Praveen Shankar Pandya, Shri.
Sabyasachi Ray, Shri. K.K. Duggal.
29th October, 2015: A courtesy call was extended to Shri Najib Shah on
becoming Chairperson- CBDT. Shri. Sabyasachi Ray, Shri. K.K. Duggal.
30th October, 2015: A meeting was held under the Chairmanship of Shri
Ajay Tyagi, Additional Secretary, DEA to discuss the issues related to Gold
Monetization Scheme. Shri. Balram Garg, Shri. Sabyasachi Ray, Shri. K.K.
Duggalk, Ms. Archana Gautam were present.
3rd November, 2015: A meeting was held under the Chairmanship of Shri Ajay
Tyagi, Additional Secretary-DEA to discuss the preparations for launch of Gold
Monetization Scheme. Shri. Balram Garg, Shri. Sabyasachi Ray, Shri. K.K.
Duggal were present.
3rd November, 2015: A meeting was held under the Chairmanship of Shri Manoj
Dwivedi, Joint Secretary-DoC to discuss the progress made under Make in
India programme. Shri. Ajesh Mehta, Shri. Balram Garg, Shri. Sabyasachi Ray,
Shri. K.K. Duggal, Ms. Archana Gautam were present.
4th November, 2015: A meeting held with Deloitte team to discuss the
representation to be submitted to the Ministry with regard to the taxation issues
at IDTC. Shri. Praveen Shankar Pandya, Shri. Russell Mehta, Shri. Anoop
Mehta, Shri. Saunak Parikh, Shri. Dilip Shah, Shri. Sabyasachi Ray, Ms. Anagha
Malekar, Ms. Mansi Mehta, Ms. Usha Kumari, Shri. Sudhir Patil, Shri. Vishwanath
were present.
4th November, 2015: DPC Meeting held to discuss the Request received
from OAO (AGD) & DBAS, Singapore for recommendation letter for advance
remittance, 2. Membership status of GJEPC with WFDB, 4. GJEPC’s
representation at IDMA, 5. Interaction with Responsible Jewellery Council, 6.
Update on the KP Plenary Meeting in Luanda, Angola from 16 – 20 November
2015, 1. IDTC – SNZ: Status Report & Inauguration dates to be finalized. Shri
Praveen Shankar Pandya, Shri Russel Mehta, Shri Ashok Gajera, Shri Sanjay
Shah, Shri Anil Virani, Shri Ajesh Mehta, Shri Dilip Shah, Shri Nilesh Shah,
Shri Kirit Bhansali, Shri Suresh Shah, Shri Sabyasachi Ray, Smt Kavita
Hebalkar, Shri Sudhir Patil, Shri Shashank Upadhyay were present.
4th November, 2015: A meeting held to discuss the Gem & Jewellery Awards
2015 1. To discuss on the appointment of a Knowledge Partner for India Gem
& Jewellery Awards (IGJA) 2015, 2. To review the existing rules/regulations/
criteria/method of IGJA 2015, 3. To discuss on the venue and date of IGJA
2015, 4. To discuss the budget for IGJA 2015. Shri Kirit Bhansali, Shri
Anil Virani, Shri Pramod Kumar Agarwal, Shri Ajesh Mehta (Through Tele
Conference), Shri Sanjay Shah, Shri Sabyasachi Ray, Shri Mithlesh Pandey.
Dun & Bradstreet 1. Ms. Naina Acharya 2. Mr. Mihir Shah 3. Ms. Vini Saluja 4.
Mr. Suhail Aboli were present.
5th November, 2015: Gold Monetization Scheme was launched by Hon’ble
Prime Minister of India in New Delhi. Shri. Praveen Shankar Pandya, Shri.
Balram Garg, Shri. Sabyasachi Ray, Shri. K.K. Duggal were present.
6th November, 2015: A meeting was held to discuss the Banking, Insurance
and Taxation issues, ECGC issues, Refund of VAT/OCTROI, GST etc. Shri
Praveen Shankar Pandya, Shri Ajesh Mehta, Shri Saunak Parikh, Shri Dilip
Shah, Shri Sanju Kothari, Shri Sabyasachi Ray, Dr. Jitarani Udgata, Shri.
A.Vishwanath, Shri Sudhir Patil Conference call - Shri Konal Doshi were
present.
6th November, 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 the appointment of Internal Auditor of
Mumbai Head Office, To discuss the approval of Budget for Appointment of
Bonas & Co for Updated Study on Synthetic Diamond Industry, To discuss
the Approval of Budget for Diamond Detection Exhibition and Symposium to
be held on 15th & 16th of December, 2015, To discuss the bifurcated budget
of Awards Function Budget FY 2015-16, To discuss the Vicenzaoro Dubai
Budget FY 2016-17, To discuss the carry forward of unutilized Budget of FY
2014-15 in current year 2015-16, To discuss IT Audit and Due diligence of
the KYC portal Software being purchased from Kenexia Consulting etc. Shri.
Praveen Shankar Pandya, Shri. Anil Virani, Shri. Manish Jivani, Shri. Saunak
Parikh, Shri. Shailesh Sangani, Shri. Mehul Sawani, Shri. Ashokbhai Gajera,
Shri. Sabyasachi Ray, Shri. Sandeep Sharma, Shri. Bijal Shah, Ms. Meghna
Dattani were present.
7th November, 2015: Jewellery Panel Committee meeting held to discuss 1.
Review of exports of jewellery, 2. Hurdles faced by exporters in procurement
of gold, 3. Policy on Gold Jewellery Park, 4. Responsible Gold Seminar to
be held at New Delhi. Shri Praveen Shankar Pandya, Shri K. Srinivasan, Shri
Mansukh Kothari, Shri Shailesh Sanghani, Shri Anil Virani, Shri Konal Doshi,
Shri Mahendra Tayal, Shri Prakashchandra Pincha, Shri. Sabyasachi Ray,
Dr. Jitarani Udgata, Mr. A.Vishwanath, Mr. Sudhir Patil, Ms. Usha Kumari.
Teleconference: Shri Anil Sankhwal, Shri Balram Garg, Shri Pramod Agarwal,
Ms. Archana Gautam were present.
7th November, 2015: PMBD Meeting was held with the objective of
discussing Promotion & Marketing Activities of the Council for the F.Y. 2015-
16. 1. Pitch Presentations, 2. Public Relations 3. Corporate Advertising
4. GJEPC’s Golden Jubilee Celebrations 5. Generic Diamond Promotion
Campaign 6. Trend Research Forecasting in India 7. Digital Enhancement.
Mr. Praveenshankar Pandya, Mr. Shailesh Sanghani, Mr. Anil Virani, Mr. Dilip
Shah, Sabyasachi Ray, Dolly Choudhary, Raksha Manihar were present.
10th November, 2015: A meeting was held over teleconference to discuss
the Presumptive Taxation issue and its way forward. Mr. Praveen Shankar
Pandya, Mr. Russell Mehta, Mr. Ajesh Mehta, Mr. Saunak Parikh, Mr. Bakul
Mehta, Mr. Sabyasachi Ray, Mr. Vishal Shah, PwC were present.
16th to 20th November, 2015: The thirteenth Kimberley Process (KP) Plenary
Meeting convened from Nov. 16-20, 2015 in Luanda, Republic of Angola.
Delegations from KP Participants and Observers along with the Bolivarian
Republic of Venezuela, Mozambique, the United Nations Group of Experts
on the Cote d’Ivoire, the Gemological Institute of America (GIA) and Interpol
attended as Guests of the Chair. Shri. Raj Kamal, Shri. Sabyasachi Ray, Ms.
Kavita Hebalkar, Ms. Jilpa Sheth, Shri. Shashank Upadhyay.
23rd November, 2015: A meeting was held under the Chairmanship of Shri
Saurabh Garg, Joint Secretray, DEA to discuss the issues of import of gold
dore in the country. Shri. K. Srinivasan, Shri. Sabyasachi Ray, Shri. K.K.
Duggal, Ms. Archana Gautam.
23rd November, 2015: A meeting of the NDMC Sub-Committee held to
discuss and Review and approve revised budget` for DDES, Space at
the entrance of the expo area to be given to GIA for promotion of Natural
Diamonds on behalf of GJEPC, Space allotment of exhibitors, Plan for
Symposium on 14th Dec, Review of Seminar plan for 15th & 16th Dec, Review
on visitor promotion plan. Mr Russell Mehta, Mr Anil Virani, Mr Saunik Parikh,
Mr Ashish Mehta, Mr Bakul Mehta, Ms Nirupa Bhatt, Mr Sanjay Kothari, Mr
Vinay Dhadda, Mr Kaushik Mehta, Dr Shastry, Mr. Anurag Dhoot, Mr Vikrant
Pradhan, Mr Rajesh Sharma were present.
