Page 14 - Bullion World Issue 4 August 2021

Bullion World | Issue 04 | August 2021

Hallmarking

Current Status

and Challenges

The Ministry of Consumer Affairs
through BIS introduced mandatory
hallmarking of Gold Jewellery and
Artefacts including medallion from June
1. 2021 across country.

The announcement immediately met
with country wide resistance from the
jewellery trade, the main reason being
poor infrastructure. However, after series
of meetings by the trade representatives
with Director General, Deputy Director
General, Head of Hallmarking, Chairman
MTD 10 Committee and other office
bearers of BIS, etc., and Honourable
Minister Shri Piyush Goel, the mandatory
regime was limited to only 267 districts
from 16th June only where there is a
licensed AHMC in existence at present.
The pan India roll out was, ruled out
due to lack of licensed AHMC in the
remaining 500 odd districts spread
across India.

Though Govt has announced as much
Mr. Anil Kansara as 80% subsidy in those districts
Technical Advisor, Yash Oro India Pvt Ltd.
(A BIS licensed Gold refinery in state of wherein the AHMC does not exist, the
Telangana) and Auro Metal Refinery Pvt Ltd., chances of AHMC coming up there are
Ahmedabad

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