Phase II of Hallmarking to be Implemented from June 1, 2022: GOI

  • Policy Development - 21 May 2022 12:25 PM

Earlier exempted forms of gold jewellery like Kundan, Polki, Jadau proposed to be hallmarked

Second phase of gold hallmarking to start from June 1

  • Hallmarking - 30 April 2022 3:19 PM

The second phase of the mandatory hallmarking will cover additional three caratages of gold jewellery/artefacts such as 20, 23 and 24 carats, as mentioned in the Indian Standard IS 1417

BIS-recognized AHCs to test un-hallmarked jewellery of consumers

  • Hallmarking - 14 March 2022 2:25 AM

BIS has now made provision to allow a common consumer to get the purity of their un-hallmarked gold jewellery tested at any of the BIS recognized Assaying and Hallmarking Centres

BIS, Chennai region, steps up hallmarking efforts

  • Hallmarking - 15 February 2022 1:40 AM

Nearly 150 market samples are being lifted from registered jewellers in Chennai and its neighbouring districts and Puducherry every month and tested

1 crore pieces of jewellery hallmarked with HUID last month

  • Hallmarking - 13 January 2022 12:42 PM

Consumers can view the details of hallmarked jewellery, such as type of jewellery, purity, name of AHC, name of the jeweller, date of hallmarking, through the BIS Care app

Gold jewellery exports & gold articles exempted from mandatory hallmarking

  • Hallmarking - 28 December 2021 12:30 PM

The new BIS will strengthen the gold jewellery trade and provide boost to the gold jewellery exports from India

4.29 crore pieces hallmarked in July-Nov: Consumer Affairs Ministry

  • Hallmarking - 13 December 2021 6:32 AM

The government had made hallmarking mandatory from June 23 in 256 districts

BIS-registered jewellers triple due to mandatory hallmarking

  • Hallmarking - 01 December 2021 3:52 PM

The ripple effects of mandatory hallmarking are already being felt by the retail industry as the move has boosted consumer confidence in gold

G&J industry reacts sharply to proposed hike in GST to 5%

  • GST - 23 November 2021 5:16 PM

Industry players feel the move is ill-advised and ill-timed, as they are already grappling with challenges caused by the pandemic and HUID issues. If the proposal goes through, it will add a huge burden to the industry, finds out Suneeta Kaul

Jewellers go on strike against new hallmarking rules

  • Hallmarking - 23 August 2021 1:30 PM

Jewellers say hallmarking should be based on POS, and all other applications of storage, display, transit, and so forth, except sale, should be removed from the BIS Act

Mandatory hallmarking: Jewellers to go on strike on Aug 23

  • Hallmarking - 21 August 2021 1:06 PM

According to GJC, jewellers will go on a token strike on August 23 against ‘arbitrary implementation’ of hallmarking

National Task Committee set up to address concerns regarding hallmarking

  • Hallmarking - 29 July 2021 5:27 PM

Retail jewellery players are up in arms against the new hallmarking rules, which they consider unjust and arbitrary

Record-Keeping Of Cash Deals In Gems And Jewellery Trade Now A Must Under PMLA

  • TCS - 02 January 2021 12:22 PM

For income tax purposes, cash transactions up to a threshold of Rs 2 lakh without KYC --PAN or Aadhaar -- are allowed in the gems and jewellery sector. Any sale in cash above Rs 2 lakh requires KYC

Jewellery to Become Cheaper as TCS to be Excluded in Computing GST

  • TCS - 12 March 2019 10:37 AM

The CBDT has clarified that TCS is not a tax on goods but an interim levy on the possible "income" arising from the sale of goods by the buyer and to be adjusted against the final income-tax liability.

Gem & Jewellery Exporters Exempted from 3% IGST on supply of Gold by Nominated Agencies from January 1, 2019

  • GST - 03 January 2019 9:31 AM

The GST Council recently announced that gem & jewellery exporters will no longer have to pay 3% IGST to nominated agencies (banks) from 1st January 2019.

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