“Thousands of SMEs and MSMEs in diamond industry have collection centres with around 1 lakh employees who are involved in diamond business —after accumulating processed diamonds from small processors, they supply directly to exporters or large jewellery manufacturers. Mostly in Gujarat, these small units currently execute their business duty-free. We have urged the GST Council to exempt these small units from duty levy.” Praveen Shankar Pandya, Chairman, Gems and Jewellery Export Promotion Council (GJEPC).
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