Home » Business » Hallmarking of Gold made Mandatory in 256 districts from today:8 District of Odisha inducted

Hallmarking of Gold made Mandatory in 256 districts from today:8 District of Odisha inducted

Newdelhi:165/6/21:Sh. Pramod Kumar Tiwari, Director General, Bureau of Indian Standards (BIS) today addressed a virtual press conference and briefed the media persons about the Mandatory Hallmarking of Gold Jewellery scheme which has come into force from 16th June 2021.

DG, BIS while addressing the facets of Mandatory Hallmarking shared that mandatory hallmarking has initially started with 256 districts of the country, which have Assaying and hallmarking centres. He further added that Jewellers with annual turnover up to Rs. 40 lakh will be exempted from mandatory Hallmarking. Export and re-import of jewellery as per Trade Policy of Government of India – Jewellery for international exhibitions, jewellery for government-approved B2B domestic exhibitions will also be exempted from mandatory Hallmarking. Watches, fountain pens and special types of jewellery viz. Kundan, Polki and Jadau will be exempted from Hall Marking.

He further informed that the registration of jewellers will be one-time and there will be no fees will be charged from jewellers for registration. Any manufacturer, importer, wholesaler, distributor or retailer engaged in selling precious metal articles has to mandatorily get registered with BIS. However, artisans or manufacturers who are manufacturing the gold jewellery on a job work basis for the jewellers and are not directly related to sale to anyone in the chain are exempted for registration.

While briefing DG, BIS said that the Hallmark shall be done at the first point of sale which may be manufacturer, whole-seller, distributor or retailer. Alteration in the Hallmarked jewellery up to 2 grams of increase or decrease to be allowed with the responsibility of purity on the jeweller.

He further added that there has always been a high demand from jewellers to increase the grades of gold purity for hallmarking. Considering this, gold of Additional carats i.e. 20, 23 and 24 will also be allowed for Hallmarking.

It was clarified that old un hallmarked jewellery available in households can be sold to jewellers.  Shri Tiwari added that Jewellers can continue to buy back old gold jewellery without hallmark from consumer and in order to give adequate time to the manufacturers, wholesalers and retailers of Gold Jewellery, there would be No penalties till August end.

While briefing the media about Workflow Automation of A&H Centres, DG BIS said that every job from receipt of jewellery to hallmarking will be computerized and complete trail of each job with date & time will be maintained. He said the anonymity of the sample will also be maintained after assigning Job Number until the stage of hallmarking. He said from now onwards Hallmark will include a six-digit code along with BIS Mark & Purity and delivery Voucher to be issued to Jeweller for utmost transparency.

A committee constituting of representatives of all stakeholders, revenue officials and legal experts will be formed to look into the issues that may possibly emerge during the implementation of the scheme.

Under Hallmarking scheme of Bureau of Indian Standards, Jewellers are registered for selling hallmarked jewellery and recognise testing and hallmarking centres. BIS (Hallmarking) Regulations were implemented w.e.f. 14.06.2018. Hallmarking will enable Consumers i.e. Jewellery buyers to make a right choice and save them from any unnecessary confusion while buying gold.

The Hallmarking of jewellery/artefacts has been required to enhance the credibility of gold Jewellery and Customer satisfaction through third party assurance for the marked purity/fineness of gold, consumer protection. This step will also help to develop India as a leading gold market centre in the World.

It is to be noted that there has been 25% increase every year in A&H centres in the last five years. The numbers of A&H centres have increased from 454 to 943 in the last five years. At present 943 Assaying and Hallmarking centres are operative. Out of this 84 AHCs have been set up under Govt. subsidy scheme in various Districts.

Odisha covered   Eight District: 1. Balasore 2. Bhadrak 3. Cuttack 4. Ganjam 5. Jajpur 6. Khorda 7. Mayurbhanj 8. Sambalpur

Click here for state-wise list of A&H Centres

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
x

Check Also

Odisha cadre IAS officer Rajesh Verma appointed as the Secretary to President Droupadi Murmu

Bhubaneswar18/8/22:Odisha cadre IAS officer Rajesh Verma was today appointed as the Secretary to President Droupadi Murmu, an official notification of the Central Government said. In the past, he has also ...