The Mandatory Hallmarking of Gold Jewellery scheme which has come into force from June 16, 2021.
- The government had announced the phased implementation of mandatory hallmarking of gold jewellery with effect from June 16.
- In the first phase, gold hallmarking will be available in only in 256 districts and jewellers having annual turnover above Rs 40 lakh will come under its purview.
- The Bureau of Indian Standard (BIS) operates gold and silver hallmarking scheme in India.
- 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.
- The government, through a notification issued on June 14, 2018, notified two categories—gold jewellery and gold artefacts; and silver jewellery and silver artefacts—under the purview of hallmarking. So, hallmarking in India is available for jewellery of only two metals—gold and silver.
- The registration of jewellers will be one-time and there will be no fees will be charged from jewellers for registration.
