The union government of India has lastly responded to the gold jewellers repeated requests and has prolonged the deadline for gold hallmarking by 3 extra months. Now, the brand new deadline shall be November 30, earlier the deadline was August 31, this 12 months. The obligatory gold jewellery hallmarking rule got here into impact on June 16, 2021. According to unique info launched, “Hallmarking Unique ID (HUID) rules will be limited to hallmarking centres only, and also jewellers and consumers will not be traced via HUID.”
This is most definitely a response Recently to the nationwide strike of 350 odd jewellers’ associations who protested towards the regulation saying it’s a sophisticated, time-consuming process that can in the end restraint the enterprise of small and medium scale jewellers. The HUID system too concerned each jeweller and Assaying and Hallmarking Centres (AHCs), which might be going to be modified and restricted to AHCs solely.
Now 256 districts come beneath the obligatory hallmarking system and jewellers with annual turnover as much as Rs. 40 lakh shall be exempted from it. Along with the earlier 18 carats and 22 carats, now 20 carats, 23 carats and 24 carats shall be allowed for hallmarking. Old jewellery will even be hallmarked together with new items that can make sure the patrons concerning the gold’s purity.
For funding associated articles, enterprise information and mutual fund advise
You have already subscribed