Скачать или смотреть Updates in Mandatory Hallmarking (Part-2) * by CA Deep Kinra

#mandatoryhallmarking #updateinhallmarking #hallmarkingscheme

In this video we have covered the changes since our last video on Mandatory hallmarking.
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Keywords
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Time Stamp
00:00 Introduction
00:48 Important Updates
02:02 A&H Centres
03:04 Applicability of Mandatory Hallmarking
03:17 Need of BIS Registration
05:07 Imported Jewellery
05:24 Exemptions from Hallmarking
06:22 Re-hallmarking
07:13 Other FAQ’s on Hallmarking
08:25 Conclusion
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Content
Applicability of mandatory hallmarking

Who needs BIS Registration?
The registration is thus required for:
• Manufacturer, involved in selling hallmarked gold jewellery to wholesaler, distributor, retailer or to the end customer
• Wholesaler, involved in selling hallmarked gold jewellery to distributor, retailer or to the end customer
• Distributor, involved in selling hallmarked gold jewellery to wholesaler, retailer or to the end customer
• Retailer, involved in selling hallmarked gold jewellery to the end customer
 Jewellers with annual turnover up to Rs 40 lakh do not fall within the purview of mandatory hallmarking.
Note: They may however get registration if they wish to sell hallmarked jewellery.
the validity of the existing jewellers’ certificates will be extended upto lifetime;

What will happen in case of Imported Jewllery
The jewellery may be imported in India and can be sold by registered jeweller after it is assayed and hallmarked by a BIS recognised hallmarking centre.

exemptions under mandatory hallmarking
a. any article meant for export, which conforms to any specification required by the foreign buyer;
b. an article with weight less than two grams;
c. an article which is in course of consignment from outside India to an assaying and hallmarking centre in India recognised as per the Bureau of Indian Standards (Hallmarking) Regulations, 2018, for hallmarking;
d. any article which is intended to be used for medical, dental, veterinary, scientific or industrial
purposes
e. any article of gold thread;
f. any manufactured article which is not substantially complete, and which is intended for further manufacture;
g. gold bullion in any shape of bar, plate, sheet, foil, rod, wire, strip, tube or coin.
h. Export and re-import of jewellery as per Trade policy of Government of India.
i. Jewellery for International Exhibitions.
j. Jewellery for domestic Business-to -Business exhibitions, approved by Government agency.
k. Special categories of jewellery -Kundan, Polki and Jadaau.
l. Jewellers with the annual turnover of upto Rs.40 lakh per annum
m. Gold watch and fountain pen.


Re-hallmarking
If first person in the chain has get the jewellery hallmarked no on else needs to do that

Can people sell Jewellery to Jeweller after hallmarking become mandatory?

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Disclaimer
This video is only for educational purpose. Do not consider it to be an opinion in any manner what so ever. Do check the facts and figures before trusting. We do take care to use authentic information only, but we will not be held liable in any manner what so ever in case of any contradicting fact or any loss incurred to you relying upon the information given in this video.

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Regards:
CA. Deep Kinra