GJEPC Seeks Government Clarification On Hallmarking

                             Hallmarking implementation deferred for 15 days                                                       BIS to resolve the issues of exporters as raised by GJEPC

Jewellery Market:With mandatory gold hallmarking set to be implemented in India from 1st June, 2021, the GJEPC in a representation to Piyush Goel, Minister of Consumer Affairs and Food & Public Distribution, Govt of India welcomed the decision but has sought clarity on certain issues pertaining to exports under the hallmarking provisions. 

While the Hallmarking Order excludes exporters, the GJEPC has called on the authorities to “explicitly clarify that jewellers having transactions only in the export stream are completely excluded from the purview of the Hallmarking Order”.

The GJEPC chairman Mr. Colin Shah pointed out operational challenges brought on by the fact that all exporters maintain common inventory for both export and domestic streams. 

Shah noted that the storing of fully manufactured specified gold articles should not require compliance with the hallmarking provisions, except prior to domestic sale. 

K Srinivasan, Convener, Gold Panel, GJEPC explained: “As Indian hallmarked articles do not have acceptance outside India, any legal interpretation that requires an exporter to comply with the hallmarking provisions wholly or partially, will increase the transaction costs in the export stream, making gem and jewellery exports unviable.” 

Srinivasan also pointed out that purchases made by foreign buyers at domestic exhibitions like IIJS are tantamount to export sales and should therefore be outside the purview of the Hallmarking Order. Srinivasan requested a clarificatory amendment on hallmarking exemption to manufacturers/wholesalers supplying articles to exporters.





 

Comments

Post a Comment

Popular posts from this blog

GJEPC championing talent, celebrate design & craftsmanship

Image
The 7th Artisan Jewellery Design Awards held in Mumbai   The 7th edition of The Artisan Jewellery Design Awards, hosted by the Gem & Jewellery Export Promotion Council (GJEPC) and powered by GIA, challenged designers to tap uncharted territory by integrating unusual materials and cherished objects into their jewellery designs, to infuse their pieces with a unique identity.   Actress and style icon Sonam Kapoor graced GJEPC’s 7th edition of Artisan Jewellery Design Awards in Mumbai and presented awards to winners. Sonam Kapoor graced the stage with an aura of elegance and charisma along Vipul Shah (Chairman, GJEPC); Kirit Bhansali (Vice Chairman, GJEPC); Sriram Natarajan (Managing Director, GIA India); Milan Chokshi (Convener, Promotions & Marketing, GJEPC); Sabyasachi Ray (Executive Director, GJEPC) bestowed the coveted awards upon 6 Artisan winners.  This year the theme for the Artisan Jewellery Design Award were two unconventional themes - Objet Trouvé (Foun...
Read more

Senco Gold & Diamonds Launches Special Jewellery Line to Commemorate Ram Mandir Pran Pratistha

Image
 Honoring Ram Mandir Inauguration: Senco's SiyaRam Collection - A Timeless Expression of Love! Senco Gold & Diamonds, the pan India jewellery retailer with a legacy of eight decades, has announced the launch of a special 'SiyaRam Collection' in honour of the Ram Mandir inauguration in Ayodha (Ayodhya) on January 22.  This collection pays tribute to the enduring bond of devotion between Ram, Sita, Lakshman, and Hanuman, and celebrates the upcoming temple, set to be a beacon of cultural, spiritual, and social unity during the sacred "Pran Pratistha" of Lord Ram. The contemporary and meticulously crafted, SiyaRam Collection comprising beautiful pendants; necklaces; and earrings, pays homage to Ram as the ideal leader, Sita as the ideal wife, Lakshman as the ideal brother, and Hanuman as the ideal worshipper, embodying virtues that transcend time.  Its intricate designs perfectly capture the grandeur of Ram Mandir, commemorating the legendary moment of Ram and Sit...
Read more

Senco Gold & Diamonds Becomes First Indian Jewellery Brand on ONDC, Expanding Reach and Accessibility Nationwide

Image
Legacy meets Innovation: Senco's Hallmarked Collections Now Available on ONDC, Redefining the Jewelry Shopping Experience  Senco Gold and Diamonds, India’s leading jewellery retailer with eight decades of legacy and over 150+ showrooms nationwide announced that it has joined Open Network for Digital Commerce (ONDC) Network, marking a significant milestone as the first national jewellery brand to showcase hallmarked products on the ONDC platform. Through this maiden integration, Senco Gold & Diamonds extensive catalogue will be available across various shopping apps within the expanding ONDC Network, facilitating smooth and efficient transactions. This strategic move will have a catalytical impact on Senco Gold and Diamonds and will help the brand to expand its customer base, providing its exquisite and unique designed jewellery by famous karigars of Bengal, to potential buyers across all ONDC seller apps.  This collaboration will also align seamlessly with the company’s ...
Read more