CBIC launches new procedures to facilitate gem and jewellery trade through personal carriage


The Central Board of Indirect Taxes and Customs has issued new procedures to streamline the import and export of gems and jewellery through personal carriage, addressing long-standing demands from the industry. Detailed in a circular dated March 28, the new measures will come into effect from May 1.

A snapshot of the GJEPC's recent trade show IIJS Tritiya
A snapshot of the GJEPC’s recent trade show IIJS Tritiya – GJEPC – India- Facebook

The move was welcomed by the Gem and Jewellery Export Promotion Council, which has consistently advocated for such reforms. “This initiative is the outcome of the council’s continuous efforts and advocacy to customs and other government authorities,” said GJEPC chairman Kirit Bhansali, the traders’ body announced on its website. “The council had consistently represented at all the meetings and forums that personal carriage should be permitted from all the ports as it is allowed from Delhi port only urging its extension to all ports to boost exports.”

Under the revised framework, personal carriage for exports will be permitted through nine airports comprising Delhi, Mumbai, Kolkata, Chennai, Kochi, Coimbatore, Bengaluru, Hyderabad, and Jaipur, while imports will be allowed through seven designated airports. Transactions will now be processed electronically through ‘Bills of Entry’ and ‘Shipping Bills,’ aiming to improve transparency and efficiency.

“This progressive step by CBIC will significantly reduce logistical hurdles and costs for our industry,” said GJEPC vice chairman Shaunak Parikh. “By simplifying personal carriage procedures, it empowers small and medium enterprises to compete globally, reinforcing India’s position as a hub for gem and jewellery trade.” Jurisdictional commissioners are expected to issue operational guidelines and initiate outreach programmes ahead of the implementation date.

Copyright © 2025 FashionNetwork.com All rights reserved.



Source link