Jewelers allowed to sell declared old hallmarked gold jewelery till June
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In this way, he has got three more months. However, this exemption will be applicable only on jewelery made before July 2021. The notification in this regard has been issued by the Ministry of Consumer Affairs following a recent meeting with jewelery industry bodies.
A day before the implementation of the six-digit alphanumeric HUID (Hallmark Unique Identification) system for gold jewellery, the government gave a big relief to jewelers. The government on Friday allowed around 16,000 jewelers to sell gold jewelery with the old hallmark declared till June. In this way, he has got three more months. However, this exemption will be applicable only on jewelery made before July 2021. The notification in this regard has been issued by the Ministry of Consumer Affairs following a recent meeting with jewelery industry bodies.
As per the notification, the ministry has amended the Hallmarking of Gold Jewelery and Gold Artifacts Order, 2020. Under this, jewelers who had earlier declared their stock of old hallmarked jewelery have been given time till June 30, 2023, to sell them. Nidhi Khare, additional secretary in the ministry, told PTI that there are 1.56 lakh registered jewelers in the country, of whom 16,243 had disclosed their old hallmarked jewelery on July 1 this year. He has been given an extension of three months. He said that this is the last deadline and no more time will be given to clear the old stock. Significantly, the Bureau of Indian Standards (BIS) is mandating six-digit ‘alphanumeric’ HUID for hallmarked gold jewelery from April 1.
Disclaimer:IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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