Gold hallmarking is mandatory from April 1 | Fusion - WeRIndia

Gold hallmarking is mandatory from April 1

Gold hallmarking is mandatory from April 1

The Government of India has made hallmarking mandatory for the sale of gold jewellery from April 1. The Ministry of Consumer Affairs, Food and Public Distribution issued a statement yesterday.

The official statement said that the sale of gold jewellery and artefacts without a Hallmark Unique Identification Number (HUID) would not be permitted after March 31 to protect the interest of consumers.

The decision was taken in a review meeting held by the Bureau of Indian Standards (BIS) yesterday. The union cabinet minister Piyush Goyal chaired the meeting.

Here are some important points regarding gold hallmarking:

  • To sell gold jewellery and gold artefacts, the hallmarking number is mandatory for gold jewellers from April 1.
  • All gold items must have HUID. The sale without the HUID will not be allowed.
  • HUID is a six-digit alphanumeric unique identification number. The Assaying & Hallmarking Center (AHC) will stamp jewellery with a unique identification number.
  • Gold hallmarking assures its purity level. In other words, hallmarking indicates the purity level of gold.
  • Earlier, in 2021, BIS made hallmarking mandatory for the sale of gold jewellery in the country. However, to help micro and small business entities, the government decided to implement it in a phased manner.
  • In the first phase, it was made mandatory in 256 districts and implemented in 32 districts in the second phase. Now, it will be implemented in 51 districts.
  • To help micro businesses get the HUID, BIS decided to provide a concession of 80% on the certification fee. The concession will also be available on a minimum mark fee for various product certification schemes of BIS.
  • In addition, units located in the North-East will get an additional concession of 10%.
  • BIS also will increase the testing infrastructure to help gold jewellers. It also will increase the frequency of lab inspections.

Image from Maxpixel (Free for commercial use / CC0 Public Domain)

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