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Traders urged Piyush Goyal to extend the last date for hallmarking old jewelery stock

New Delhi. : The Confederation of All India Traders (CAIT) and the All India Jewelers and Goldsmiths Federation (AIJGF) have today sent a joint letter to the Union Minister of Commerce and Consumer Affairs, Shri Piyush Goyal, urging him  to extend the  last date of  hallmarking the old stock of jewellery having stocks before 1st july to one year from August 31, 2021 so that lakhs of gold traders of the country can get their old goods hallmarked and follow the rules and regulations of the government.

CAIT National  Secretary General Mr Praveen Khandelwal and AIGJF National President Pankaj Arora said that to prevent counterfeit hallmarks, the government should make it mandatory where the goods are made and HUID should be stopped from being transferred to the retailer or customer on the portal and to the retailer, no one should be required to keep a record of it.

They also suggested that the weight of change in alternation of jewelery should be increased from 2 grams to 5 grams and notification for this should be issued soon. They also said that the edit button will be available soon to rectify the weight related mistakes on the portal. It is also suggested that *Mix lots should also be accepted for hallmarking and minimum one/two pieces should also be hallmarked and XRF should be valid as basis for hallmarking the goods of the order by making necessary changes in IS1417. They said that necessary information about jewelery should be given at BIS Care Camp.

Mr Khandelwal and Mr Arora said that as hallmark centers are very less across the country and lakhs of bullion traders across the country have thousands of pieces of old stock, it is mandatory to have hallmarks on thousands of pieces of old stock. So that the rules of the government can be fully followed.

CityTotal Registered SarafaAvailable Hallmark CenterTotal Capacity of Time Period / Capacity per dayHallmark Pieces Per Jewellery

The figures mentioned in the above table are as on 12-08-2021 at 12:00 hrs. The maximum hallmark of each jeweller is estimated from 300 pieces of jewelry per working day to 62 working days.