Upcoming B2B Gems & Jewellery Exhibition- 19th - 20th - 21st January 2019. Bangalore.

We never supported Strike - GJEPC


‘We never supported Strike’ –GJEPC

Recently an All-India Jewellers Meet called by GJEPC in Mumbai was attended by over 60 jewellers representing four major all-India bodies and Regional associations. The 20-member Committee was formed which will include representatives of Gem & Jewellery Export Promotion Council (GJEPC), All India Gem & Jewellery Trade Federation (GJF), All India Jewellers Action Committee, India Bullion & Jewellers Association (IBJA).

De facto during the strike at the point the Chairman-GJEPC, Shri Praveenshankar Pandya had said, “For 30 to 40 years, there was no excise on jewellery due to the small scale nature of manufacturing and sale of goods and the unique way the industry does its business. Also the industry also imports all its gold from outside after paying Customs duty. Hence, the Council is of the opinion that it needs to be withdrawn by the Govt. forthwith.”

And further he had also said, “Though we morally support the stand taken by GJF and other industry associations, we do not want to go on strike as a protest against this announcement as we believe in engaging with the Govt. with constructive dialogue to persuade them to repeal the same,” Mr. Pandya added.

Yet, during the strike many jewellers were understood the GJEPC supports strike. Even after the recent meeting number of Social media pages started messages that ‘we are fighting the government again for excise! They do not understand that talk is the best way to deal this government. At the recent media interaction Shri Praveenshankar said, “We never supported strike!”

And accordingly, the GJEPC has taken lead to sort out the excise issue and it is all about to talk & pursue the ongoing government! Now the Committee will ensure a coordinated industry response on Excise issue and will focus on preparing a common submission to the Ashok Lahiri headed Sub-Committee of the High Level Committee set up by the government to look into issues related to the Imposition of Central Excise duty on jewellery. By the week the formed committee would start talking with the government.