Summary:
Moreover, all the companies indulging in this malpractice were not members of GJEPC. The Custom House Agents and a large part of valuers were not recommended or referred to, by GJEPC as part of trade valuation panel at the Customs” said the GJEPC statement.During the past months, the GJEPC was engaged in a sustained campaign in exposing the malpractices. The council has the documentary evidence on the support provided to the government agencies, according to the statement.“We thank our active members who acted as whistle blowers and information providers in unearthing of the huge scam” said a senior GJEPC office-bearer. The scam was running for a very long time and that it was hurting the genuine importers.“It is unfortunate that a group of people who are not members of GJEPC have used Gem & Jewellery product as a conduit for money laundering and malpractices. The council had also sensitised the central government on massive overvaluation of several imports from Hong Kong along with proof of such practices.In fact, persons from GJEPC’s trade acted as whistle-blowers in uncovering the malpractice..