50
th
ANNUAL REPORT 2015-2016 THE GEM & JEWELLERY EXPORT PROMOTION COUNCIL
141
24th November, 2015: In continuation to the Presumptive Taxation meeting
held over teleconference on 10th November, 2015, a second meeting held
on 24th November, 2015 to discuss the action points and way forward. Shri.
Praveen Shankar Pandya, Shri. Russell Mehta, Shri. Saunak Parikh, Shri. Ajesh
Mehta, Shri. Sabyasachi Ray, Shri. Vishal Shah, PwC were present.
30th November, 2015: A meeting of the National Exhibitions held on 30th
November, 2015 to discuss and approve the Minutes of the meeting held on
25th September, 2015, I. Signature IIJS 2016, II. IGJME 2016, III. IIJS 2016
(Machinery), I. Update on DDES 2015. Shri Praveenshankar Pandya, Shri
Saunak Parikh, Shri K D Maheshwari, Shri Nirav Bhansali, Shri Ashok Gajera,
Shri Anil Virani, Shri Haresh Zaveri, Shri Milan Choksi, Shri Mansukh Kothari,
Shri Ketan Jatakia, Shri Nikunj Shah, Shri Radhe Kedia, Sabyasachi Ray,
Aanurag Dhoot, Vikrant Pradhan, Vishal Thakker, Bhavin Khorasia, Mithila
Akre, Subbiah Selvam were present.
1st December 2015: A PreBudget Meeting was held under the Chairmanship
of Ms Rani Nair, Member-Budget to discuss the Pre-Budget Proposals of
Gems and Jewellery Sector for Union Budget 2016-17. A detailed presentation
on the same was given by the Chairman before the Member- Budget. Shri
P.S.Pandya, Shri Sanjay Shah, Shri Saunak Parikh, Shri Sabyasachi Ray, Shri
K.K.Duggal, Ms Archana Gautam,Shri Vishal Shah, PwC were present.
1st December 2015: A meeting was held with the Commerce Secretary to
discuss the issue of introduction of Presumptive Taxation for Indian Diamond
Industry. A detailed presentation on the same was given before her. Shri
P.S.Pandya, Shri Sanjay Shah, Shri Saunak Parikh, Shri. Kirit Bhansali, Shri
Sabyasachi Ray, Shri K.K.Duggal, Ms Archana Gautam,Shri Vishal Shah, PwC
were present.
1st December 2015: A meeting was also held with the Hon’ble Minister of
State (IC) for Commerce & Industry to discuss the issue of presumptive
taxation and invite her for the inauguration of Special Notified Zone in Mumbai.
Shri P.S.Pandya, Shri Sanjay Shah, Shri Saunak Parikh, Shri. Kirit Bhansali,
Shri Sabyasachi Ray, Shri K.K.Duggal, Ms Archana Gautam,Shri Vishal Shah,
PwC.
2nd December 2015: A meeting was held at Directorate of Industries,
Maharashtra to discuss about development of Export Ptomotion Strategy for
Maharashtra State. Shri. Ashok Gajera, Dr. Jitarani Udgata were present.
4th December, 2015: A meeting was held to select the agency for preparing
and representing the GST with the Govt wherein 5 agencies gave their
introductory presentation. 1. KPMG, 2. Deloitte, 3. PwC, 4. E & Y, 5. ELP. Shri
Praveenshankar Pandya, Shri Russell Mehta, Shri Anil Virani, Shri Ajesh
Mehta, Shri Ashok Gajera, Shri Mansukh Kothari, Shri Prakash Pincha, Shri
Sanjay Shah, Shri Saunak Parikh, Shri Suresh Shah, Shri Sabyasachi Ray, .
Dr. Jitarani Udgata, Mr. A.Vishwanath, Mr. Sudhir Patil were present.
5th December, 2015: A delegation of the Gem & Jewellery Export Promotion
Council held an interactive session with the trade members of Gujarat on
Saturday, 5th December, 2015 at Hotel TGB, Surat. Shri Nanubhai Vanani,
Hon’ble Minister of State for Water, Sports, Youth & Cultural , Govt of Gujarat,
Shri. Praveenshankar Pandya, Shri. Dinesh Navadiya, Shri. Sanjay Shah, Shri.
Manish Jivani, Shri. Sabyasachi Ray, Ms. Jilpa Shetha, Shri. Vishwanath,
Exporter Members were present.
5th December, 2015: Project Steering Committee Meeting Of Project Suvidha
Cell For Common Facility Project Held On Saturday, 5th December, 2015
At 2.30 Pm At 401-A, Icc, Ring Road, Surat 1. To confirm and approve the
minutes of the meeting held on 20.8.2015, Report on the visit made by GJEPC
delegation to 4 proposed locations of CFC To update the members about the
disbursement of first instalment of grant and fund utilised till 30.11.2015 .
To discuss about the quotation received from Indian Diamond Institute for
providing services as Implementing Agency 5. To review the status of the
Project 6. To discuss and finalise the first location for implementation of CFC
project. Shri Praveenshankar Pandya,Shri Dinesh Navadiya, Shri Sanjay Shah,
Shri Govind Patel, Shri Bhailal Patel, Shri Sabyasachi Ray, Ms. Jilpa Sheth
Shri. Bhaskar Kalra, SO, MoC&I (partly through teleconference ) were present.
7th December, 2015: A meeting was held with the Revenue Secretary to
discuss the Pre Budget Proposals of Gems and Jewellery Sector for Union
Budget 2016-17 . Shri J.K.Daddo, AS&FA and Shri Manoj Dwivedi, Joint
Secretary had discussed on behalf of gems and jewellery sector. Shri.
Sabyasachi Ray, Shri. K.K. Duggal were present.
8th December, 2015: A meeting organised to discuss the banking, insurance
and taxation issues. Shri Praveenshankar Pandya, Shri Ajesh Mehta,Shri.
Saunak Parikh, Shri Ashok Gajera, Shri Sanjay Shah, Shri Biju Patnaik, Shri.
Sabyasachi Ray, Dr. Jitarani Udgata, Mr. A. Vishwanath, Mr. Sudhir Patil were
present.
9th December, 2015: HoD/ RD meeting held to discuss:- Noting the progress
and Status of actionables of previous meetings (COA/SUB-COMM/PANEL
AND HOD Meetings). Digitization and automation of the Council’s processes.
Status on report of Budget revisions of FY 2015-16 and Proposed budget for
FY 2016-17. Conduct discussions on the Goods & Services Tax (GST) regime
which is being introduced by the Govt. Any other matter with the permission
of Chair. Shri. Sabyasachi Ray, Shri. Sandeep Sharma, HoDs/RDs, HR Team
were present.
9th December, 2015: A meeting held with Smt. Geetha Muralidhar, CMD, ECGC to
discuss issues related to the ECIB policy, pending ECGC issues etc. Shri Geetha
Murlidhar, Shri Senthilnathan, Shri Dharmarajan, Shri Praveenshankar Pandya,
Shri Ajesh Mehta, Shri Sanju Kothari, Shri Parag Parekh, Dr. Jitarani were present.
10th December, 2015: PM& BDmeeting held to discuss and approve new creative
brief for Advertising/Creative agency for the impending pitch presentation, .
Update on the PR Agency Pitch, To discuss PR route for the pre-budget hype
in Media through Business TV Channels, Presentation on the Generic Diamond
Promotion in India, Council’s 50th Anniversary announcement at the Annual
Awards on March 5th, 2016, Jaipur, To discuss the planning of Trend Jewellery
Forecasting Seminar on 9th and 10th February. Mr. Praveenshankar Pandya,
Mr. Russell Mehta, Mr. Shailesh Sanghani, Mr. Ashok Gajera, Mr. Anil Virani, Mr.
Dilip Shah, Mr. Colin Shah, Mr. Nirav Bhansali, Mr. Sabyasachi Ray, Mr.Sandeep
Sharma,Ms. Dolly Choudhary, Ms. Raksha Manihar were present.
10th December, 2015: A meeting held with Yes Bank officials to discuss about
the 1. products offered by the bank which are suitable to Gems and Jewellery
Segment, to GJEPC. 2. Yes bank to send a Letter to GJEPC for banking summit
participation 3. GJEPC also suggested YBL., to start promoting replenishment
scheme released by RBI. Ms. Dimple Chitnis, Mr. Bhavin Joshi, Shri Sabyasachi
Ray, Mr. A.Vishwanath were present.
10th December, 2015: Ameeting was held to discuss the issue concerning penalty
proceedings u/s. 271G of the Income Tax Act 1961 vis-à-vis Transfer Pricing. Shri
Praveen Shankar Pandya, Shri Ajesh Mehta, Shri Saunak Parikh, Shri Ashokbhai
Gajera, Shri Suesh Surana, Shri Rajnikant Jhaveri, Shri Sanjay Rambhia, Shri Kalp
Parikh, Shri Sabyasachi Ray, Dr. Jitarani Udgata, Mr. A.Vishwanath, Mr. Sudhir
Patil were present.
11th December, 2015: A meeting held to discuss the issues related to International
Exhibitions:- A) JCK LAS VEGAS 2016, B) Indo Euro BSM C) Proposed Indo
SAARC Iran BSM 2016. Shri Praveenshankar Pandya, Shri Anil Sankhwal, Shri
Saunak Parikh, Shri Dilip Shah, Shri Sohil Kothari, Shri Sabyasachi Ray, Shri
Sridhar Iyengar, Shri Anurag Kumar, Ms. Margaret Rodrigues, Shri Prasad Patil
were present.
14th December, 2015: A meeting was organized to discuss about the issues
faced by Jewellery exporters regarding Banking procedures for the upcoming
“3rd Banking Summit”. Shri Mansukh Kothari, Shri Sabyasachi Ray, Dr. Jitarani
Udgata, Mr. A.Vishwanath. Teleconference: Shri K. Srinivasan-Convener, JPC
were present.
15th to 16th December, 2015: The Gem & Jewellery Export Promotion Council
(GJEPC), in association with Bharat Diamond Bourse (BDB) successfully
organised The Diamond Detection Expo and Symposium (DDES) on 15th &
16th December 2015. DDES, an initiative by GJEPC was organized with an
objective to impart knowledge on synthetic diamonds, its detection using various
technologies available. The 2 day event included display of latest equipment/
machinery and service providers’ active in Diamond Detection business, along
with proficient talks and panel discussions with renowned experts from the trade.
The 2 day event featured all prominent laboratories/institutes involved in detection
of synthetics including GIA India, HRD Antwerp, IGI, IIDGR (De Beers), GII, DRC
Techno, GSI, Bruker and IDI-DDRC as the exhibitors. The Expert talks and Panel
Discussions covered important topics pertaining to Synthetic diamonds, its
detection & available technology.
16th December, 2015: A& F Sub-Committee meeting held to discuss ,confirm &
approve the minutes of the last A & F sub-committee meeting held on 06th
November 2015, To discuss the Unaudited Half Year Financial Statement as on
30th September 2015, to discuss KYC Budget & Project Details , IDTC Budget &
Project Details, to approve budgets for IIJS Signature , Diamond Detection Expo
& Symposium, Carry Forward of unutilized Budget of FY 2014-15 in current year
2015-16 1) Promotion of Training Institute 2) IIGJ Andheri Repair fund account,
To discuss the GII’s Custom Officer Training Fees reimbursement etc. Shri
Praveenshankar Pandya, Shri Anil Virani , Shri Manish Jivani , Shri Ajesh Mehta ,
Shri Saunak Parikh , Shri Shailesh Sangani , Shri Mehul Patel, Shri Mayank Trivedi
, Shri Sabyasachi Ray, Shri Sandeep Sharma , Shri Bijal Shah , Ms Meghna
Dattani were present.
17th December 2015: A meeting was organized to discuss and review the
export strategy for gems & jewellery sector. Shri Manoj Dwivedi, JS, MoC &I,
Shri Praveenshankar Pandya, Shri Russell Mehta, Shri Ashok Gajera, Shri Dinesh
Navadiya, Shri Prakash Pincha, Shri Mahender Tayal, Shri Pramod Agrawal, Shri
Sanjay Shah, Shri Manish Jivani, Shri Kishandas Maheshwari, Shri Ram Babu
Gupta, Shri Sabyasachi Ray, Dr. Jitarani Udgata, Mr. A.Vishwanath, Mr. Sudhir
Patil were present.
18th December, 2015: A meeting of the National Exhibitions held to discuss • To
approve the Minutes of the meeting held on 30th November, 2015, I. Signature
IIJS 2016, II. IIJS 2016, III. IGJME 2016. Shri Saunak Parikh, Shri K D Maheshwari,
Shri Haresh Zaveri, Shri Mansukh Kothari, Shri Milan Choksi, Sabyasachi Ray,
Aanurag Dhoot, Vikrant Pradhan, Vishal Thakker, Bhavin Khorasia, Mithila Akre
were present.
19th December, 2015: Chairman and Shri. Kirit Bhansali attended the Jaipur
Jewellery Show at Jaipur. Shri. Praveenshankar Pandya, Shri. Kirit Bhansali.
