Government promises clarifications on gold hallmarking for jewellery exports
The Ministry of Consumer Affairs has stated it will share more comprehensive regulations for its upcoming implementation of mandatory hallmarking for gold jewellery in regards to exports, following industry requests.
Following numerous meetings between the Ministry of Consumer Affairs and an expert committee formed of jewellery industry names, the government has committed to clarifying its mandatory hallmarking law, the Gem and Jewellery Export Promotion Council reported on its website. Mandatory hallmarking is scheduled to come into effect on June 15 after numerous delays caused by the pandemic.
“It is important to keep the exports of gem and jewellery out of the ambit of hallmarking for the smooth functioning of the exports and to take maximum opportunity to cater to the world market as per their requirement,” said GJEPC chairman and expert committee member Colin Shah, the GJEPC reported.
“GJEPC had requested a series of amendments in the provisions which will help the exporters to export gold jewellery abroad unhindered. As per current provisions though exports are kept out of hallmarking provisions, some rules stated there is ambiguous and needs to be clarified to keep the exports of gold jewellery outside the purview of mandatory hallmarking.”
As India has not signed the Vienna Convention, jewellery with an Indian hallmark will not be recognised and will have to be hallmarked again abroad. This makes hallmarking jewellery for export in India meaningless and a waste of time and money which would harm the industry, according to the GJEPC.
For this reason, the GJEPC has asked for jewellery for export, including jewellery shown at export-oriented trade shows in India, to be made exempt from mandatory hallmarking.
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