Page 16 - Bullion World Issue 3 July 2021

Bullion World | Issue 03 | July 2021

look for hallmarking and fineness details articles. It is also mentioned that “the detail has been provided at BIS website,
in each detachable part to prevent consumer can get the purity of the www.bis.gov.inunder hallmarking
any misuse w.r.t fineness/purity as the hallmarked jewellery/artefacts verified section. The information includes
detachable part can be replaced. from any of the BIS recognized A&H general information on hallmarking,
centre. The list of BIS recognized A&H procedure and guidelines for Jewellers
4.Is it necessary to take centre along with address and contact and hallmarking centre, all the forms
authentic bills/invoice for the details is available on the website www. including application forms and list of

hallmarked article from retailer/ bis.gov.in” registered jewellers and hallmarking
jeweller? centres etc
Can an artisan or common
Yes,it is necessary to take authentic bills/
man directly approach the A&H 10. Can old jewellery be
invoice of the hallmarked article from
centre for hall marking of the hallmarked?
retailer/jeweller. It is necessary for any
jewellery? No
dispute/misuse/complaint redressal.
No, only BIS registered jewellers can
approach the A&H centre for hall 11.Does Hallmark charges
5. Is it necessary to have details
marking of the jewellery. include making charges and
of hallmarked articles in the wastage charges?
bill/invoice issued by jeweller/ 8.What should be looked at in a No
retailer? jewellery shop?
Yes, it is necessary to have details of Certificate of registration issued by
SURENDRA MEHTA (aged 55) is a chartered
Accountant with 32 years of experience and is
the National Secretary of 102 year old organi-
sation called “India Bullion and Jewellers Asso-
ciation (IBJA)”.

Very few People know that Gold Monetisation
scheme and Sovereign gold bond was idea
conceived by IBJA during his tenure as Secre-
tary. He had opportunity to had 55 minutes one
to one meeting on Gold Monetisation with PM
Shri Narendra Modi.

As per RBI circular, daily opening and closing
gold prices in India can only be declared by
IBJA. Even the issue price of sovereign gold
price is decided by IBJA and not by govt. this
price are monitored by him for declaration.

He was personally invited at the residence
of Prime Minister Shri Narendra Modi on the
launch of Gold Monetisation and Sovereign
hallmarked articles in the bill/invoice BIS shall be displayed by the jeweller gold Bond Scheme.
issued by jeweller/retailer in a jewellery shop. Jeweller shall
He has been asked to prepare the comprehen-
have magnifying glass of minimum
sive gold policy for the country by Govt. He is
What are the details the jeweller 10X magnification to show hallmark
also working on establishing first Gold Spot ex-
has to mention in the bill issued tocustomer in the hallmarked jewellery. change. He is part of various govt. committees
to the purchaser? Relation of fineness with caratage shall on Gold Policy issue.
Description of each article, net weight be displayed by the jeweller
He has been regular speaker and panellist in all
of precious metal, purity in carat and the seminar and conference.
fineness, and hallmarking charges need Where can a common person
to be mentioned in the bill or invoice get information on hallmarking?
of sale of hallmarked precious metal All the information on the hallmarking in

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