Page 31 - Bullion World Volume 03 Issue 07 July 2022

Bullion World | Volume 2 | Issue 07 | July 2022

Coming to the challenges in HUID India in the next year, from the 300 to consumers shall not be made
hallmarking, it initially took 24 – 36 districts presently covered under mandatory for jewellery shops, but
hours for HUID hallmarking, mostly the mandatory regime, the lack may be adopted on a voluntary
due to the bandwidth and agility of hallmarking infrastructure in basis in the initial years. The HUID
problems of the HUID software at the smaller towns and cities shall pose portability and registering it in the
BIS server. Most of these issues are a serious challenge for smaller end consumers name at the HUID
now sorted out; presently, it takes jewellers and local artisans in these portal offers foolproof traceability for
6 – 8 hours for HUID hallmarking of districts. Another challenge is the every hallmarked jewellery, similar to
around 500 pcs. at an HM center transfer of HUID numbers from the the registration number of a vehicle
with one set of machines. Now manufacturer to the retailer to the getting transferred at the Vaahan
the BIS has initiated the online consumer, which is presently not portal, every time the ownership
integration of HM center machines activated in the HUID portal. At the of that vehicle is transferred to a
with the HUID portal of BIS, wherein retailer's level, operating the BIS new owner. This will also help in the
manual data entry is eliminated portal for transferring the HUID seamless transfer of HUID across
and real-time data uploading is of each article to the consumer's various segments, especially when
envisaged from the HM center name, while selling each and every gold jewellery is mortgaged or
machines directly to the BIS portal. jewellery piece, may create huge monetized as old gold, ensuring
This automation, though intended operational and software issues. asset class value for gold jewellery
to curb data manipulation and fake The 5-year-old GST portal is still
hallmarking at the HM centers, may riddled with hiccups, E-invoicing Another contentious issue is the
lead to the same old bandwidth is now mandated for shops with hallmarking of Kundan, Polki, and
and server problems of the HUID turnover above Rs.20 crores, and Jedau jewellery, mostly
portal, resulting in huge time delays only the total quantity needs to be studded with precious and semi-
for hallmarking. However, this is uploaded for E-invoicing. Whereas precious stones, which is presently
a move in the right direction, to for HUID transfer, the HUID exempted from mandatory
ensure genuine hallmarking with full number of each article needs to hallmarking due to its intricate
traceability, for consumer protection. be individually uploaded to the BIS and nonhomogenous nature. BIS
When the government is proposing portal. Considering these operational guidelines stipulate that when
mandatory hallmarking all over issues, the HUID transfer facility studded or filled articles are

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