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RAHUL GUPTA STRONG PERSONA, GOOD ORATOR & TASK MASTER CMD, PP Jewellers and Diamonds Pvt Ltd. MD, ITS MY NAME PVT. LTD.
GOLD PANEL MEMBER ELECTION
GJEPC GOLD
PANEL of
GJEPC SHARING KNOWLEDGE, INCREASES KNOWLEDGE...
Email: Rahul@rahul.org | Mo.: +919810124550, Address: PP Jewellers & Diamonds Pvt. ltd., PP Tower, Pitampura, Delhi. (O).:+91 11 45161022.
SHARING KNOWLEDGE, INCREASES KNOWLEDGE...
RAHUL GUPTA STRONG PERSONA, GOOD ORATOR & TASK MASTER
PRESENT POSITIONS
ACCOMPLISHMENTS (DOMESTIC) Ÿ Chairman, Export Promotion Council for EOU's & SEZ Ÿ Director, Federation of Indian Export Organisation Ÿ Director, Indian Institute of Gems and Jewellery Ÿ Chairman, PP International School Ÿ CMD, PP Jewellers And Diamonds Pvt. Ltd. Ÿ MD, It’s My Name Pvt. Ltd.
PAST POSITIONS HELD Ÿ Vice Chairman And Regional Chairman (north) Of Export Promotion
Council For Eous & Sezs Ÿ Board Of Director, Gems And Jewellery Export Promotion Council Ÿ Chartered Accountant, Price Waterhouse Cooper
ACCOMPLISHMENTS (GLOBAL) Procurement of Responsible Gold An active member of bullion federation of india as cmd of PP Jewellers & Diamond Pvt Ltd. in OECD (Organization for Economic Co-operation and Development (OECD) Forum, May 2017 at Paris (France) and discussed how to procure responsible gold for India.
HONORS Mr Gupta is a regular speaker in business TV channels like Zee Business & NDTV PROFIT and also sharing his news and views of gems & jewellery sector related to policies and procedures with print media periodically as he strongly believes that 'sharing knowledge, increases knowledge'.
P.P. JEWELLERS & DIAMONDS PVT. LTD. Mr. Gupta is the CMD of PP Jewellers and Diamonds Pvt. Ltd, which is into jewellery export, with last year’s export turnover being US$100 million and has got DTA unit and a SEZ unit. The group also has a gold renery unit.
INDUSTRY REPRESENTATION Recent Efforts with Government Rahul Gupta has been very persuasive about taking issues with Government. He has been representing to various divisions of government of India about Industry issues. He has been making personal representations to Director General Foreign Trade, Director General Export Promotion, CBEC, CBDT, Ministry of Commerce, Department of Economic Affairs about various aspects of Gold availability to exporters, like ranging from making gold available to exporters in 2013, after is was completely stopped, or pursuing for release of bond / Bank guarantee with Banks/ Nominated Agencies. Mr. Gupta, as national chairman of export promotion council for EOUs & SEzs, had pursued with the CBEC ofcers for making the supplies to SEz as "zero rated supplies", and also leading the Jewellery exporters in making SEz free from GST payment and also regarding refund issues. Not only limited to Indian Government, rather he even pursued with international organisations like OECD for making Indian supply chain compliant as per OECD guideline. Which may even lead to setting up an institute for learning about OECD guidance. Mr. Gupta pursued with Hon’ble State Minister of Finance Shri. Arjun Ram Meghwal to make gold available to exporters through small branches of bank. Mr. Gupta did various rounds of Meetings with Hon’ble State Minister of Finance Sh. Santosh Gangwar ji about keeping GST rate on gold and jewellery as low as 3 %. Mr. Gupta had been recently been pursuing with Hon’ble Minister of Commerce Smt. Nirmala Sitharaman about EOUs being exempt from IGST, which should be reality soon. Mr. Gupta, also pursued for extension of time to the Indian gold reneries to become BIS compliant, keeping in view the lengthy process of BIS licensing and was able to get the extension further period of one year, i.e. Upto 31 may 2018. Representing before commerce minister to resolve the issues related to Gems & Jewellery units in Sez
MEETING WITH SHRI SURESH PRABHU (Hon'ble Commerce & Industry Minister) Regarding Job Work by Gems and Jewellery units in SEZ
Meeting with Shri Suresh Prabhu, Hon'ble Commerce & Industry Minister recently, Mr. Rahul Gupta specically mentioned about issues being faced with regard to the Job Work by Gems and Jewellery units in SEZ, of the gold imported into India treated as loan due to the recent notication, further requesting to allow such job work which shall increase the economic growth and employment in the country; to zero rated supply to SEZs from unregistered suppliers in DTA, zero rated supply facility to EOUs also, execution of bond and bank guarantee, issues being faced by gem & jewellery units, Best FTA rates to SEZs etc. Shri Suresh Prabhu assured his fullest cooperation & support in resolving EOU/SEZ issues. He advised to meet Commerce Secretary and also to submit the same to GST Council Ofcials. Represented before different Government Authorities, to simplify the 20:80 scheme of RBI for import of gold in the year 2013-14, which hampered the gold business of the country and in a time span of 1.5 years, he exhibited success in simplication and nally eradication of the scheme, making the gold business easy again.
OUR COMMITMENTS & FUTURE PLAN REMOVAL OF GST Requesting the government to exempt gst on gold imported, directly or indirectly or through nominated agencies, for export purpose, which is currenlty subject to gst @3% and then taking refund after nal export, thereby leading the increased requirement of working capital, due to blocked working capital in gst, and also hurting their protability.
PROMOTIONS OF MONETISATION SCHEME Promoting and reviving gold monetisation scheme so as to make gold available at cheaper rate.
SUPPLY OF RESPONSIBLE GOLD: Establishment of not-for-prot organisation in india, in partnership with oecd, for ensuring supply of responsible gold in and from india
AVAILABILITY OF GOLD TO SMALL EXPORTERS Smooth availabilty of gold in small quantity through indian reners to exporters so as they need not have to involve in paying and refunding process.
DRAWBACK RATE REVISION FREQUENCY The drawback rates of jewellery to be revised more frequently as price of gold is highly volatile.
ACCOUNTING IN GOLD Getting accounting in gold started in india, as in case of gold and jewellery industry people internationally account in gold quantity.
LOWER DUTY ON GOLD Due to higher duty on gold the working capital of exporters is all stuck into bond and guarantee with nominated agencies.
JOB WORK BY SEZ UNITS Representing before authorities regarding the job work carried out by gems and jewellery units, of the gold imported into india, being treated as loan due to the recent notication, further requesting government to allow such job work which shall increase the economic growth and employment in the country.
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