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Chaos and unrest in jewellery industry
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Mandatory jewellery hallmarking norms leave industry in a tizzy
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Chaos and unrest in jewellery industry
By IANS |
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Jewellery.. Image Source: IANS News
New Delhi, July 4 : BIS has had 3 meetings with around 20-member Expert Committee from May 25 to 29, where they brainstormed all the elements that the industry found impractical and needed amendments in the Regulations and the Act.
The BIS team headed by Director General Pramod Tiwari principally agreed to a large majority of the concerns and admitted to having the needful done so that it can be implemented in a structured manner as required by the BIS legal procedures. He asked the industry to be patient and look forward to clarifications from BIS in this regard.
Big relief to jewellers on mandatory hallmarking
By IANS |
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Jewellery.. Image Source: IANS News
New Delhi, May 8 : The Nagpur Bench of Bombay High Court passed an interim order on May 7 which stops Bureau of Indian Standards (BIS) from taking any coercive action on jewellers across India or impose penalty on those who may not comply with BIA (BIS Act, 2016) regulations, Section 29(2) on mandatory hallmarking due to the lack of adequate infrastructure in terms of assaying and hallmarking centres.
The Court ruled: The contention is that the new regulation making it compulsory to hallmark gold jewellery before it is stored or sold, which has to come into force w.e.f. 1st June 2021, is likely to result in great hardships to lakhs of jewellers in India and their number is stated to be 5 lakhs.