For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Government Extends Gold Hallmarking Deadline By 3 Months

|

The union government of India has finally responded to the gold jewellers repeated requests and has extended the deadline for gold hallmarking by 3 more months. Now, the new deadline will be November 30, earlier the deadline was August 31, this year. The mandatory gold jewellery hallmarking rule came into effect on June 16, 2021. According to an exclusive information released, "Hallmarking Unique ID (HUID) rules will be limited to hallmarking centres only, and also jewellers and consumers will not be traced via HUID."

 
Government Extends Gold Hallmarking Deadline By 3 Months

This is most likely a response Recently to the nationwide strike of 350 odd jewellers' associations who protested against the regulation saying it is a complicated, time-consuming procedure that will ultimately restraint the business of small and medium scale jewellers. The HUID system too involved both jewellers and Assaying and Hallmarking Centres (AHCs), which is probably going to be changed and restricted to AHCs only.

Now 256 districts come under the mandatory hallmarking system and jewellers with annual turnover up to Rs. 40 lakh will be exempted from it. Along with the previous 18 carat and 22 carat, now 20 carat, 23 carat and 24 carat will be allowed for hallmarking. Old jewellery will also have to be hallmarked along with new pieces that will ensure the buyers about the gold's purity.

Read more about: gold gold rates gold price hallmark
Story first published: Wednesday, September 1, 2021, 10:16 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X