The Gem & Jewellery Export Promotion Council (GJEPC) received accolades during a recent gathering hosted by the Revenue Department on June 29th. This event celebrated India's successful Financial Action Task Force (FATF) Mutual Evaluation (ME) process, chaired by Hon'ble Minister of Finance and Corporate Affairs, Smt Nirmala Sitharaman, at The Ashok Hotel in New Delhi. The culmination of this process saw India's final report presented at the FATF plenary session on June 26th, 2024.

Given the sector's sensitivity, the government prioritized ensuring the Review Team's satisfaction. The GJEPC's involvement from inception to conclusion was pivotal. This culminated in a comprehensive presentation and discussions with the Review Team in Delhi in November 2023. Led by Executive Director Mr. Sabyasachi Ray, the GJEPC team detailed industry compliance measures extensively.

The Review Team acknowledged and appreciated the GJEPC's efforts and contributions. In recognition of its role, the GJEPC was invited to the celebratory gathering, attended by key dignitaries including the Hon'ble Minister of Finance and Corporate Affairs, Smt Nirmala Sitharaman, Revenue Secretary, DEA Secretary, and senior officials from CBIC, CBDT, DRI, Enforcement, RBI, among others.

Chairman of GJEPC, Vipul Shah, commented, "Our team's dedication and meticulous preparation have been instrumental in this successful review. We are honored by this recognition and remain committed to upholding the highest standards of compliance within our industry."