GJEPC urges govt to reduce import duty on gold and diamonds ahead of Union Budget. They seek a reduction in import duty on precious metals to 4% and on cut & polished diamonds to 2.5%. GJEPC also demands the reintroduction of the Diamond Imprest Licence and the sale of rough diamonds in Special Notified Zones (SNZs), and expansion of SNZs to include globally recognized diamond broking and trading houses. Furthermore, they recommend the introduction of a mechanism similar to GST refund to maximize benefits from the India-UAE CEPA.