What are the documents required for hallmark registration in Noida?

Hallmarking is the accurate determination and official recording of the proportionate content of precious metal in precious metal articles. Hallmarks are thus official marks used in many countries as a guarantee of purity or fineness of precious metal articles. The principle objectives of the Hallmarking Scheme are to protect the public against adulteration and to obligate manufacturers to maintain legal standards of fineness. In India, at present two precious metals namely gold and silver have been brought under the purview of Hallmarking. Procedure For Obtaining Registration by Jeweller for Sale of Hallmarked Jeweller / Artefacrs Any jeweller willing to obtain certificate of registration for selling Hallmarked Gold and Silver Jewellery/artefacts shall apply online in the BIS portal; www.corpzo.com. The certificate of registration is granted instantly to the jeweller without the need to upload any document or pay any fees for the same. The certificate of registration stands valid for lifetime.. Procedure for Recognition of Assaying and Hallmarking Center Indian Standard “IS 15820:2009 General Requirements for Establishment and Operation of Assaying and Hallmarking Centres” is the basis for recognition of Assaying and Hallmarking Centres. A centre desirous of obtaining recognition, after setting up of the Centre shall apply on the prescribed application form to BIS along with their Quality Manual, developed on the basis of Generic Quality Manual. Refineries already in the business of gold refining for the last one year and possessing accreditation from London Bullion Market Association (LBMA) or National Accreditation Board for Testing and Calibration Laboratories (NABL) accreditation of their laboratories may apply for obtaining BIS license for marking the Standard Bars produced by them in accordance with IS 1417: 2016 (for 995 and 999 fineness only). Gold Monetization Scheme List of Jewellers Qualifying to act as CPTCList of Refinries granted LicenceA & H Centres Qualifying to act as CPTCExpression of Interest from BIS RegisteredJewellers/Refineries for setting up of Collection and Purity Testing Centre under the Gold Monetization Scheme 1) Check testing of Hallmarked/Unhallmarked articles by Consumer: Consumer can get its jewellery/sample tested from any of the BIS Recognized Assaying & Hallmarking Centre. The Assaying and Hallmarking Centres undertake the testing of Jewellery/Samples of common consumers on priority on chargeable basis. The Assaying and Hallmarking centre is required to issue Assay Report giving proper identifications as marked on article. 1. What is Hallmarking? Hallmarking is the accurate determination and official recording of the proportionate content of precious metal in precious metal articles. 2. What are the objectives behind instituting Hallmarking Scheme? To protect consumer against victimization due to irregular gold or silver quality, and to develop India as a leading gold market centre in the World and to develop export competitiveness. Hallmark Registration: Process, documents required and the procedure for BIS hallmarking registration Hallmarking of gold jewellery and artefacts is mandatory in India. It is an important step towards the implementation of gold purity standardisation. The Ministry of Consumer Affairs has decided on the compulsory hallmarking of gold based on the Consumer Protection Act 1986. The Bureau of Indian Standards (BIS) introduced Gold Hallmarking Scheme in 2000 and Silver Hallmarking Scheme in 2005. Since 1 April 2023, the government has made 6-digit hallmarking with Hallmark Unique Identification Number (HUID) mandatory for selling or buying gold. What is hallmarking? Hallmarking is the process by which the purity of precious metals like gold and silver is determined and certified based on certain standards set by a regulatory body. After the procedure is complete, the hallmark, also known as the mark of quality, is imprinted on the gold object. It indicates its quality and purity. Importance of gold hallmarking in India The following points illustrate the importance of gold hallmarking in India: It assures buyers of the quality of gold/silver jewellery. Gold hallmarking builds trust among consumers and creates a strong relationship between buyers and sellers in the market. It ensures legal protection against any violation. Hallmark registration certificate adds a lot of value to gold jewellery. How to apply for a hallmark licence for jewellery? Jewellers who wish to apply for a hallmark license for selling gold jewellery must first obtain hallmark registration from BIS. As per the BIS Hallmarking Scheme guidelines, the regulatory body grants hallmarking registration to gold jewellers/sellers for a specified location. So, people who wish to sell hallmarked jewellery must obtain Hallmark Registration from BIS for each of their sales outlets. Jewellers who have already received BIS certification can have their gold/silver jewellery hallmarked at BIS Assaying and Hallmarking Centres. BIS Assaying and Hallmarking Centres are evaluation centres where the purity of gold is examined. Hallmark registration process The hallmark registration process has been mentioned as follows: Ensure all documents required for registration have been collected in one place. Fill up the online application for hallmarking of jewellery. Submit the application, documents and the prescribed fees. An inspector of BIS will conduct a minute inspection. Once a BIS inspector is fully satisfied with the result of their inspection, they will provide a Hallmark Registration Certificate, which will reach the applicant via email. Hallmarking procedure in India involves three stages of testing. Details are as follows: Homogeneity testing Every item from a given sample is taken for homogeneity testing. These items are checked minutely to evaluate whether they fulfil the regulatory standards set by BIS. Purity testing This is an important step and probably the most difficult one. Randomly, one of 50 similar items is chosen for purity testing. First, a preliminary test is performed on the surface of each of the items. Then, smaller samples are collected from every item for detailed examination. Finally, the tests are intensified to examine the gold's purity, value and fineness. Individual item marking Marking every item individually is the final step. Laser and press are used to imprint the hallmark on the gold depending on the result of the test. The jewellery may be hand-marked as well if the case requires it. Documents required for hallmark registration Check the list of documents required for hallmark registration: Proof of a company/firm establishment Registered partnership deed (if the applicant is a partnership firm) Registration certificate issued by ROC and MoA (Memorandum of Association) CA certificate (if the applicant is a proprietorship firm) Address proof of company or firm GST registration certificate Income tax assessment order The sale or lease deed agreement Rent agreement with previous rent receipts Latest receipt of property tax Registration certificate issued by a state government Proof of annual turnover Copy of GST returns of the previous financial year In case the firm is new, an undertaking should be collected from the firm with an estimate of expected turnover and assurance to submit GSTR. ID proof of the Signatory Aadhaar-based verification or e-signature Copy of PAN card, Aadhaar card, passport, driving license or photo ID card issued by a Gazetted Officer on an official letterhead Hallmark license fees The Government of India has provided guidelines for setting Hallmark License Fees, known as Registration Fees. It depends on the turnover in place population. Here's a table depicting hallmark licensing fees in India: Business turnover Application fee Registration fee Up to Rs. 5 crore Rs. 2,000 Rs. 7,500 From Rs. 5 crore to Rs. 25 crore Rs. 2,000 Rs. 15,000 From Rs. 25 crore to Rs. 100 crore Rs. 2,000 Rs. 40,000 Above Rs. 100 crore Rs. 2,000 Rs. 80,000 Benefits of hallmarked gold Mandatory hallmarking of gold jewellery provides much-needed assurance to buyers about their quality. It ensures higher exchange or resale value because quality standardisation always leads to price parity. This increases the trading of gold articles. Buyers receive the necessary legal protection. Hallmarked gold/silver ensures they don't get caught in fraud. By selling hallmarked jewellery, retailers lay the base of sustainable business growth. It is not possible to assess the purity of gold simply by looking at it. So, if you spot the BIS hallmark on any gold article you purchase, you’ll know it's of high quality. Assurance of high quality is something which consumers desire. Mandatory gold hallmarking will not only develop customers’ trust, it will strengthen the industry as a whole. In 2023, a customer in Delhi bought a 22K gold ring for her engagement from a popular local jeweller. Months later, during a lab check, she discovered it was only 18K. Despite the price difference, the jeweller claimed ignorance. With no BIS 916 hallmark engraved on the ring, the consumer had no legal recourse. Brand Name:- CorpZo Address:- G 10, Sector 63, Noida, India, 201301, Email:- reach@corpzo.com, Phone:- +919999139391, Web Address:- https://www.corpzo.com Social Media Platform https://twitter.com/corpzoindia https://www.facebook.com/corpzo/ https://www.instagram.com/corpzo/ https://www.linkedin.com/company/corpzo https://www.youtube.com/@CorpZo1