Tuesday, June 15, 2021

Mandatory gold hallmarking from Wednesday, initially in 256 districts: Govt

 The Centre on Tuesday said mandatory hallmarking of gold jewellery and artefacts will come into force from June 16 in a phased manner and initially will be implemented in 256 districts of the country.


The Centre on Tuesday said mandatory hallmarking of gold jewellery and artefacts will come into force from June 16 in a phased manner and initially will be implemented in 256 districts of the country.

A decision in this regard was taken after a meeting chaired by Consumer Affairs Minister Piyush Goyal with industry stakeholders. In November 2019, the government had announced that hallmarking of gold jewellery and artefacts would be made mandatory across the country from January 15, 2021.

But the deadline was extended for four months till June 1 and later till June 15 after the jewellers sought more time in view of the pandemic. Gold hallmarking is a purity certification of the precious metal and has been voluntary in nature so far.

"Continuing our government's endeavour for better protection & satisfaction of customers, mandatory hallmarking in 256 districts will be implemented from June 16, 2021. No penalty will be imposed till August 2021," Consumer Affairs Minister Piyush Goyal tweeted after the meeting.

Speaking to PTI, Consumer Affairs Secretary Leena Nandan said gold hallmarking will be implemented in a phased manner and initially in 256 districts that have Assaying marking centres. The industry concerns were addressed and clarified in great detail in the meeting, she added.

After extensive consultation with stakeholders, the government relaxed mandatory hallmarking of gold for certain players in the jewellery sector.

For instance, the government has exempted jewellers with annual turnover of up to Rs 40 lakh from mandatory hallmarking, said an official statement issued after the meeting.

It has also been exempted on those who export and re-import jewellery as per the government's trade policy, jewellery meant for international exhibitions as well as for government-approved B2B domestic exhibitions.

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