Brief History:
Gold is very attracted metals from ancient times for its intrinsic value. Gold is also a popular investment choice for the vast population in India. Thus, to protect the consumer against adulteration and to obligate jewelers to maintain legal standards of purity, government mandated Bureau of Indian standards to start the Hallmarking scheme for gold in year 2000. The scheme for silver was later introduced in the year 2005.
What is hallmarking:
Hallmarking is the accurate determination and official recording of the proportionate content of precious metal in the jewellery/artefacts or bullion/coins. BIS hallmarking is a system for gold as well as silver jewellery sold in India certifying the purity of the metal. It certifies that the piece of jewellery conforms to a set of standards laid by the Bureau of Indian Standards.
Regulatory Provisions for Hallmarking:
Ministry of Consumer Affairs, Food and Public Distribution is the Regulatory Body for granting Registration/License under the provisions of Bureau of Indian Standards Act, 2016 read with Bureau of Indian Standards (Hallmarking) Regulations, 2018. Quality control order for mandatory hallmarking of gold jewellery/artefacts has been issued on 15 Jan 2020 by the Govt. of India. Mandatory hallmarking of gold jewellery/artefacts shall come into force with effect from 01 June 2021. A jeweler who wants to sell hallmarked jewellery has to obtain a registration from Bureau of Indian Standards.
Bureau of Indian Standards has been issued guidelines for Grant, Operation, Renewal and Cancellation of certificate of registration of jewelers. These guidelines stipulate the procedure for Grant, Operation, Renewal, and Cancellation of Certificate of Registration. These are to be read in conjunction with BIS Act 2016, BIS Rules 2017 and BIS (Hallmarking) Regulations, 2018.
Registration for BIS hallmarking:
Any jeweller willing to obtain Certificate of Registration for Selling Hallmarked Jewellery/artefacts has to submit the application with BIS. The registration of jeweler’s process has been made online. The jeweler fills the application form online, uploads the requisite documents, pays the fees online and the registration is granted instantly and can be downloaded by the jeweler. The same procedure is applicable for renewal of registration. Registration is granted to the applicant, if the application is found to be complete with all necessary documents and fees
Documents required for Registration:
Testing of Jewellery/artefacts:
The registered jeweler submits the jewellery for hallmarking to BIS recognized Assaying & Hallmarking (A&H) centre. A&H centres are the testing centres where the jewellery is tested. After testing, the A&H centre applies hallmark on the jewellery which is found meeting the requirement of the standard.
The A&H centre can apply for recognition to BIS online. The recognition is granted to A&H centres for hallmarking of jewellery/artefacts after verifying the infrastructure requirements, capability and competency of personnel to carry out assaying & hallmarking. Entire process of recognition, which involves audit of the centres, submission of audit report, and grant of recognition or renewal, has been automated.
The list of list of registered jewellers and BIS recognised A&H centres is available on the BIS website www.bis.gov.in. ”
DISPLAY REQUIREMENTS IN SALES OUTLET:
On the outside of the sales outlet, the registered jeweller shall display the logo of BIS with the wording “Hallmarked Jewellery available for sale” as shown
Hallmarked Jewellery
Available for Sale
Fee for Grant and Renewal of Certificate of Registration:
Category | Annual Turnover in Rs. | Fee for Five Years in Rs. |
1. | Above Rs. 100 Crores | 80,000 |
2. | Above 25 Crores & Up to 100 Crores | 40,000 |
3. | Above 5 Crores & Up to 25 Crores | 15,000 |
4. | Less than 5 Crores | 7,500 |
Corporate registration
If a jeweller has five or more outlets anywhere in India, he can opt for the certificate of registration at corporate level covering various retail outlets in one certificate and claim a discount of 10% in registration fee for each outlet.
In case of certificate of registration at corporate level, separate application fee shall be payable for each outlet.
An application fee of Rs 2000/- is payable for every request made for inclusion or deletion of retail outlets
True Legal Ventures LLP is a tech-based Knowledge Intensive Platform having research oriented skilled team of professionals who deliver and facilitate the Corporate Business Solutions in the fields of Business Registration, Taxation, Corporate Compliances, Company Law, FEMA, IPR, Legal Drafting and Regulatory Approval Services etc.