A hallmark is an official mark or a series of marks struck on items made of metal and mostly to certify the content of noble metals, such as platinum, gold, silver and palladium, in some nations. In a more general sense, the term hallmark can also be used to refer to any distinguishing characteristic. The BIS hallmark is a hallmarking system for gold and silver jewellery sold in India, certifying the purity of the metal. It certifies that the piece of jewellery conforms to a set of standards laid by the Bureau of Indian Standards (BIS), the national standards organization of India. India is the second biggest market for gold.
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The jeweller should ensure that the jewels sold by him have a content of gold which matches with the carat value. The carat value is a measurement of purity of the gold. The carat value should be imprinted in the jewels sold. Imprinting cannot be done for jewels which are small in size. As a result, in the case of small jewels, a label is affixed to the jewel. The label should mention the carat value of the jewel.
The GST invoices should be maintained separately for the purchase of the jewels that have an identification mark different from the one used by the jeweller. Also, in such cases, a letter of authorisation should be obtained from the seller.
In case the purity of the jewels does not meet the carat value, the jeweller should pay compensation to the buyer.
Bills issued should mention description, weight, carat and hallmarking charges of the jewels.
The jeweller should prominently display the original hallmark certificate on the premises.
The BIS may call for an investigation in case it receives a complaint about the quality of the jewels sold. When an investigation is being performed, the jeweller should co-operate with the officers in charge of the investigation.
In case there is a change in the address of the jewellery business, the BIS should be informed. The application used to give this information is Form I. The words ‘Request for Intimation of Change in Premises’ should be mentioned on top of the application. The application fees are Rs.2000.
Apply, verify and get the mark.
To hallmark the jewels, the jeweller should send the jewels to the Assaying and Hallmarking Center (AHC).
While sending jewels to the AHC, the following particulars should be informed:
o Registration number obtained from BIS
o A description of the jewels
o Number of stones in the jewel, if any
o The weight of each jewel
o The purity of each jewel in carats
o The overall weight of the consignment
The fees payable for hallmarking is as follows:
o For gold jewels: a minimum of Rs.200 per consignment and Rs.35 per jewel
o For silver jewels: a minimum of Rs.150 per consignment and Rs.25 per jewel
The jeweller should maintain a register of consignments sent to the AHC. An authorised representative of the jeweller should sign every entry in the register. The register should be maintained for a minimum of five years. The register can be discarded after all the corresponding stock items are sold.
A few required papers
A Certificate of incorporation and a Certificate of commencement of business issued by the Registrar of Companies (RoC).
Address proof and identity proof of the promoters
Latest Income Tax Return filed
Latest Financial Statements, certified by a practising Chartered Accountant (CA)
Latest Form AOC-4 filed with the Ministry of Corporate Affairs (MCA).
Map indicating the location of the premises
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