Page 8 - Bullion World Volume 04 Issue 08 August 2023

Bullion World | Volume 3 | Issue 8 | August 2023

IBJA’s Major Achievements of 104 Years

“India Bullion and Jewellers Notification.
Association Limited” (IBJA) 4. Free Membership of 20000
formerly known as “The Bombay Jewellers.
Bullion Association Limited” 5. Free entry for all IBJA Seminar/
(BBA) is established in 1919 and Conferences.
now 104-year-old Association of 6. Highest Number of Members in
Bullion Dealers and Jewellers. The industry.
association was formed as a Limited 7. Part of all Gold Meeting
Guarantee Company for the benefit and committee of Gold of
of Gold Bullion & Jewellery Industry. Government at Ministry of
Finance, Ministry of Commerce,
IBJA is the only Reserve Bank of Ministry of Consumer Affairs, Niti
India recognized Association in Aayog etc.
India that can provide 30 days 8. IBJA Offices in 29 States.
“Opening and Closing Market 9. Approval of IBJA rates for all
Rates” to Commercial Banks, all Government agency like GST,
Urban Cooperative Banks and Income tax, custom, DRI. Mr Surendra Mehta
NBFC for purpose of lending 10. IBJA's Maximum Presence on 27. IBJA Skill development classes
against Gold Jewellery. Reserve Media. approved by Govt with IIG.
Bank of India has issued various 11. IBJA's Unique Zero Cost Zaveri 28. RBI approval for Bank
notification in this regard. Bazaar Festival. acceptance of India Good
12. IBJA on all major social Media delivery Gold.
We were also part of Niti Ayog platform along with various 29. Approval of Silver ETF by SEBI.
Committee on “Transformation of website. 30. IBJA bulletin every 15 days.
Gold Market” and also convenor 13. IBJA's Free entry of Members 31. IBJA'S Bullion Refinery at Gift
of Domestic Council for Gems at India International Bullion city with appx. Investment of
and Jewellery set up by Ministry Summit (IIBS). Rs.150 crore.
of Commerce. We are also Part of 14. IBJA's CSR activities like 32. IBJA'S Gems & Jewellry Park at
SEBI’s committee for setting up of Jewellers Fight Corona, Navi Mumbai spread across 87
Domestic Gold Spot exchange in the Ambulance services and many acre with appx. Investment of
country. IBJA represents Ministry more. Rs. 20,000 Core.
of Finance, Ministry of Commerce, 15. IBJA's camera security system 33. IBJA'S Golden Girl Award
Reserve Bank of India, Consumer in Asia's largest market Zaveri for most upcoming Woman
Affairs Ministry etc. for issues related Bazaar. entrepreneurs.
to our bullion and jewellery industry. 16. IBJA's first ever Silver Trade 34. IBJA’s Artisan upliftment
We are closely working with world Show. programme for giving Award to
gold council & MCX, BSE and NSE 17. IBJA's "GYAN" series webinars & Artisan.
etc. for setting up Domestic Gold "GYAN PURTI" seminars. 35. IBJA’s B2C scheme to promote
exchange. We are also part of 18. IBJA Times (Digital) Magazine. sale through GST Registered
MCX and NSE and BSE for product 19. Approval of India Good Delivery dealers.
advisory practices. for Bullion. 36. IBJA’s intervention in TRQ
20. Approval of India International scheme under UAE-CEPA
Major Achievements: Bullion Exchange at Gift City. agreement.
1. Approval of IBJA Gold rate 21. Approval of Domestic Bullion 37. IBJA’s intervention in removing
for Scheduled /rural/urban exchange by Ministry of Finance stamp duty on Gold in State of
bank against Jewellery loan as and SEBI. Maharashtra.
per RBI & Ministry of Finance 22. Approval of Launch of Option on 38. IBJA’s intervention in stopping
Notification. Goods through exchange. Gold Jewellery from FTA
2. Approval of IBJA Gold rate for 23. Formation of IBJA's Subsidiary countries for level playing field.
NBC against Jewellery loan as "World Silver Council". 39. IBJA’s intervention in stopping
per RBI & Ministry of Finance 24. Approval of Revamped Gold Gold Dore from least developed
Notification. Metal Loan scheme. countries for level playing field.
3. Approval of IBJA Gold rate 25. IBJA Daily Recommended Retail 40. IBJA’s intervention in increasing
for Sovereign Gold Bond as price. import duty on platinum.
per RBI & Ministry of Finance 26. IBJA's Daily Bullion Report.

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