INDIAN JEWELLER

GJEPC Meets MoCI Officials To Resolve SEZ Issues of G&J Sector

The GJEPC held an interactive video meeting on 5th November, 2020, with key government representatives and top Special Economic Zone (SEZ) officials to discuss the common concerns pertaining to the units working in SEZs

Post By : IJ News Service On 13 November 2020 5:29 PM

The meeting was chaired by Mr. S Kishore, Additional Secretary, Department of Commerce (DoC), Ministry of Commerce & Industry (MoCI). He was joined by other MoCI colleagues including Mr. Suresh Kumar, Joint Secretary; Mr. Amitabh Kumar, Joint Secretary; and Mr. Senthil Nathan S., Director. The GJEPC representatives included Mr. Colin Shah, Chairman; Mr. Suvankar Sen, Convener, SEZ Sub-Committee; Mr. Bobby Kothari Co-Convener, SEZ Sub-Committee; and Mr. Sabyasachi Ray, Executive Director.

Among the primary issues discussed were:

Allowance of job work to SEZ units for DTA
Facilitating Cross-Border E-Commerce
Transfer of assets by SEZ units after cancellation of their Letter Of Approval
Absence of mechanism for returning diamonds outside SEEPZ (E.g. to Bharat Diamond Bourse)
Difficulty in procuring supplies of gold and silver within SEZ-I, Jaipur, and high cost of procuring precious metal from DTA
Delay in Fixation of Brand Rate for claiming duty drawback against supplies from DTA creates interest burden on SEZ units
Levy of duty on goods re-imported by SEZ units after lapse of 365 days which were earlier exported for display/consignment
Notification No.771 (E) dated 5th August, 2016, issued by Department of Commerce for compulsory membership of Export Promotion Councils for EOU & SEZs (EPCES)

The meeting concluded with the Chair asking the Council to flag each issue separately with the facts and figures and demarcate them accordingly as short-term and long-term goals. Mr. Suresh Kumar thanked the Chair for his inputs and assured him that long-pending issues will be taken up by the Department of Commerce for providing a reasonable solution.

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