05 Jun 2020
DiamondWorld Directory
Home |
News
Home
GJEPC’s Sustained Vigilant Campaign Aids the Unearthing of Import Scam
The Council sensitised the Government on large overvaluation of several imports from Hong Kong, along with proof of such overvaluations.
By: Diamond World News Service
|
Jul 14 2018 9:56AM
|
Reference: 16509  

DecreaseIncrease

The GJEPC has issued statement thanking the Government of India and DRI for the thorough investigations exposing the Rs. 3,000 crore import scam. As the apex organisation entrusted with the welfare of 6,000-plus members and more than 5 million livelihoods dependent on this industry, GJEPC has been taking initiatives time and again to sensitise the government about any irregularities.

The statement further states that it is unfortunate that a group of people who are not members of GJEPC have used Gem & Jewellery product as a conduit for money laundering and malpractices.

The Custom House Agents and a large part of Valuers were not recommended or referred to, by GJEPC as part of trade valuation panel at the Customs.

During the past months, the GJEPC – an organisation established by the Ministry of Industry and Commerce – has engaged in a sustained campaign in exposing the malpractices.  The council sensitised the Government on large overvaluation of several imports from Hong Kong, along with proof of such overvaluations. In fact, persons from GJEPC’s trade acted as whistle-blowers in uncovering the malpractice. Moreover, all the companies indulging in this malpractice were not members of the Council. The council possess documentary evidence of their efforts and support provided to Government agencies, mentions the statement.

It is unfortunate that acts of certain unverified individuals and companies hurt the trade at large, an industry that supports 5 million lives directly. Gem & Jewellery industry commands contribution of 7 per cent to India’s GDP and 14 per cent to Merchandise Exports, which is attributed to sheer hard work.

In the statement, GJEPC Managing committee has thanked its members who acted as whistle blowers and information providers in unearthing of the huge scam.

Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
 
*  Name:
 
*  Mobile:
 
*  Email:
 
 
Subscribe for DiamondWorld weekly Newsletter
 
Advertisement
HouseAd_Trade Fair
Search News by City
Advertisement
Kosher 23460
Advertisement
Kosher 23460
Recent Issue
2020
AVAILABLE NOW...!
Advertisement
Kosher 23460
News in Pictures
Videos
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 26401
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 32
GJEPC Chairman Interview
Views: 23700
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 30653
Promo for IJ Awards 2012 at NDTV Profit
Views: 44872
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 45898
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 18164
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 43531
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 41785
Advertisement
KGK_Antwepr
Advertisement
M.Tarun
Member of:
Supporter of: