Exporters seek clarity on gold hallmarking order
May 25, 2021
Want those not involved in local trade to be excluded from the order
Gems and jewellery exporters have asked the government to “explicitly clarify” whether jewellers with transactions only in exports are excluded from the purview of the mandatory gold hallmarking order to be implemented from June 1 2021.
In a representation to Minister of Consumer Affairs and Food & Public Distribution, Piyush Goyal, the Gems & Jewellery Export Promotion Council pointed out that 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.