Dear Sir/ Madam,
We are pleased to share with you the Newsflash covering Regulatory Updates for the Gems & Jewellery Sector for the period 1 January 2025 to 31 March 2025.
This quarterly update is curated to keep industry stakeholders abreast of the latest developments impacting business operations, taxation, foreign trade policy, and international compliance in the sector. It includes key highlights such as:
•Trends in exports and imports and key statistics from GJEPC
•Union Budget 2025-26 implications for customs tariffs
•Significant direct and indirect tax updates including notifications, circulars, and compounding guidelines
•Updates under the Foreign Trade Policy, including the launch of the Diamond Imprest Authorization Scheme and enhancements to the eCoO platform
•FEMA and RBI developments promoting INR settlement and export-import flexibility
•Global developments relevant to the sector, including UAE VAT reforms, OECD-aligned top-up tax, and the recent US tariff impositions on Indian exports
Given the dynamic regulatory environment, this newsflash serves as a valuable reference for CFOs, compliance officers, exporters, and industry professionals to better understand the evolving policy framework and its implications.
We hope you find the same insightful and relevant to your business.
 

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