GJEPC REGISTRATION

 

The GJEPC, or Gem & Jewellery Export Promotion Council, is a group founded by the Indian Ministry of Commerce and Industry with the goal of encouraging and managing the exportation of gemstones and jewelry. Its duty includes advocating for Indian exporters of these items and advertising Indian jewelry in global markets. If one wants to export Indian gems or jewelry, registering with the GJEPC is essential.

The GJEPC is an independent organization dedicated to representing the Indian gem and jewellery industry. With a membership base exceeding 7,000 exporters and manufacturers of valuable stones and jewellery, the council strives to boost the visibility of India’s gem and jewellery industry in overseas markets and support its members through a range of services and initiatives.

Any individual or company involved in selling precious stones or jewelry in India must have GJEPC registration. This procedure is not complicated, as it requires submitting specific paperwork and paying the required charges.

 

DOCUMENTS REQUIRED: 

To register for GJEPC membership, you must provide the necessary documents as listed below.

• The certificate that proves a company’s legal recognition as a separate entity from its owners is known as a certificate of incorporation or registration certificate.
• PAN card
• GST registration certificate
• Bank statement
• Letter of authorization
• Passport size photograph
• The council may require any additional documentation.

 

PROCESS OF GJEPC REGISTRATION:

The GJEPC registration process consists of the following steps:

To begin the registration process with GJEPC, you need to first create an account on their website. This can be done easily as their website has a simple interface for users to create their accounts. Once you have created your account successfully, you can log in and fill out the registration form.

Step 2: Complete the registration form. The registration form entails users to state personal details like name, location, contact information, and PAN number. Moreover, users should disclose their business details like company name, business type, and the export revenue earned. Along with that, users must give their bank details and upload a few documents, including their PAN card, bank statement, and import/export license.

In order to complete the registration process, individuals need to follow Step 3 which involves paying the registration fees. Once the registration form has been submitted and all the required documents have been uploaded, individuals will need to make the payment. The cost of registration may differ based on the type of membership and the revenue generated by the business.

The fourth step involves sending in the registration form once users have paid the registration fees. The GJEPC will then assess the application and inform the user about its progress.

Being registered with GJEPC comes with various perks for its members. They get access to an array of services and activities, like seminars, exhibitions, and trade shows, that are provided by the organization. In addition to this, the council dedicates itself to promoting Indian jewelry and gemstones to global markets, which can be advantageous for members in terms of business expansion.

 

TYPES OF MEMBERSHIP IN GJEPC: 

GJEPC has two categories of membership: Ordinary Membership and Associate Membership.

Ordinary Membership is designated for those who export, manufacture, or engage in trading activities.

Associate Membership is designed for people and groups involved in the sphere of gem and jewelry trade.

 

COST INVOLVED: 

The cost of registering for GJEPC membership varies based on the kind of membership.

The cost of being an Ordinary Member is Rs. 15,000, while that of being an Associate Member is Rs. 25,000. Moreover, a yearly renewal charge of Rs. 5,000 and Rs. 10,000 is applicable for Ordinary and Associate Memberships, respectively.

ADVANTAGES: 

Membership of GJEPC offers benefits such as being able to gain entry to-

1. Trade Shows,
2. Networking Opportunities, 
3. Government Schemes and Subsidies, 
4. Market Research, and 
5. Industry Updates. 

Individuals can take part in educational courses and obtain official recognition.

 

DISADVANTAGES:

A downside to being a part of GJEPC is the expenses associated with membership, which could be too high for some smaller companies. On top of that, members may have to follow stringent rules and criteria.

 

LEGAL REQUIREMENT AND RULES: 

In order to join the Gem and Jewellery Export Promotion Council (GJEPC), there are specific regulations and guidelines that an individual must adhere to. These requirements and rules may include:

• To be considered, the applicant is required to adhere to all laws and regulations pertinent to the gem and jewellery industry. This encompasses regulations concerning taxation, foreign exchange, as well as importing and exporting.
• The candidate is required to adhere to ethical conduct in business and avoid actions that may damage the council or the industry’s reputation.
• The applicant is required to follow the council’s ethical rules, which involve ensuring equitable business dealings, maintaining high-quality standards, and promoting environmental sustainability.
• The council requires the member to regularly submit reports that outline export and import data, financial statements, and compliance certificates.
• In order to ensure that the member is adhering to the council’s rules and regulations, they must grant the council permission to perform audits and inspections of their business premises, records, and processes.
• The council sets the membership fees and other costs that must be paid by the member at regular intervals.
• To be a member of the council, one must be present at the meetings and actively engage in the council’s events.

If any of these rules or requirements are not followed, the council may stop or end someone’s membership.

 

CONCLUSION:

Overall, for those looking to engage in the Indian gem and jewelry sector, obtaining GJEPC registration is imperative. The process involves providing specific documents and paying applicable fees. After registering, members gain access to a range of council services and initiatives that assist with growing their business and promoting Indian gemstones and jewelry in global markets.