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From April 1, solely gold jewelry with hallmarking to be sold in India

From April 1, jewellers at some stage in India must sell gold marked with a six-digit alphanumeric Hallmark Recurring Identification Number (HUID), the federal authorities has introduced.

The choice was taken on Friday after commerce minister Piyush Goyal held a gathering to overview the work of the Bureau of Indian Standards (BIS)—an Indian authorities agency that takes care of the standard certification of products.

In India, gold is certified as pure by the hallmark certificates. Till June 16, 2021, the gold hallmarking was voluntary. It was made important in 256 districts within the important thing stage, and 32 extra districts had been added within the 2d, bringing the full to 288 districts.

In sigh to serve puny and micro businesses follow the sigh and promote quality tradition, the authorities has made up our minds to provide 80 per cent concession in marking price at some stage in completely different products and an additional 10 per cent concession to all objects within the Northeast.

“Starting from 1st April 2023, the sale of solely gold jewelry with HUID will be licensed,” an legit observation acknowledged.

Extra secretary within the department of particular person affairs, Nidhi Khare, acknowledged that “in consumers ardour, it has been made up our minds that after March Thirty first, sale of gold jewelry and gold artefacts hallmarked with out HUID is maybe no longer licensed”, reports PTI news agency.

At latest, four digits and 6-digit HUID are being weak.

HUID number is a six-digit alphanumeric code consisting of numbers and letters. This might perchance well be accorded to every share of jewelry at the time of hallmarking and it is a ways distinctive for every item.

The jewelry is stamped with the distinctive number manually at the Assaying & Hallmarking Centre (AHC)

(With inputs from agencies)

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