Gold Jewelery Hallmarking is being made mandatory from 1 June 2021. BIS has asked all the registered jewelers to keep this deadline in mind and get the quality testing done for jewelery.
Gold Jewelery Hallmarking: The government has made the hallmark necessary for gold jewelery. Gold jewelery without hallmark cannot be sold after 1 June 2021. The Bureau of Indian Standards i.e. BIS has issued a notification to all registered jewelers. Gold purity will now be in three grades. First 22 carat, second 18 carat and third 14 carat. It is believed that both the customer and the jeweler will benefit from this. There will be no doubt in both of them about the quality.
Hallmarking for Gold is a hallmark of its purity. It is not mandatory at present. Earlier its deadline was 15 January 2021. On the demand of Jewelers Association, it has been increased to 1 June 2021. India imports gold on a large scale and consumes it too. According to Bloomberg report, India imports around 700-800 tonnes of gold every year. In the process of jewelery hallmarking, jewelers deposit jewelery at BIS’s A&H Center and check its quality there. According to the result, the BIS marks it.
Registration with BIS at home
The registration process with BIS has been made much easier for the jewelers. This work can now be done online from home. For this, www.manakonline.in go to this website. Here, the documents are sought, they have to be submitted and the registration fee has to be deposited. After completion of the process, the applicant becomes a registered jeweler of BIS.
Know how much is the registration fee
BIS registration fees have also been kept very low. If the turnover of a jeweler is less than 5 crores, then the registration fee for this is 7500 rupees, the registration fee is 15 thousand rupees for annual turnover between 5 crores to 25 crores and 40 thousand rupees for more than 25 crores turnover. If the turnover of a jeweler is beyond 100 crores, then this fee is 80 thousand rupees.
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how can retails of rural area get verified their gold when there is lock down due to covid.
what is the relief for retailers having non hallmark jwellery?
BSI should think that. because there is a possibility of jwellers looting these retails by buying their jwellery in much lower price as they dont have hallmark.