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For Indians, gold is more than just a precious metal. It holds deep cultural as well as religious significance in Indian society. It is considered auspicious and is especially treasured during festivals like Diwali and Dhanteras. Gold is commonly used in religious rituals and offerings to deities. However, its value goes way beyond tradition.
In times of crisis, such as pandemics or war-like situations, gold is seen as a ‘safe haven’, often leading to a surge in its price during such times. That’s why the gold selling business has remained one of the most reliable and profitable businesses of all time.
If you are planning to start a gold jewellery business, you may be wondering which specific gold certifications are required to legally operate. Well, you need to secure BIS hallmark certification (for selling gold) as well as jeweller registration (for running a gold jewellery selling business). Want to know more? Check out this article for all the details!
To sell gold jewellery and artifacts in India, you require a BIS hallmark. The Bureau of Indian Standards (BIS) issues it. The BIS hallmark verifies the purity level of gold and ensures its authenticity and meets the quality standards set forth by the Bureau of Indian Standards.
BIS-hallmarked gold jewelry is certified in different purity levels, including 14K, 18K, 20K, 22K, 23K and 24K. A gold jewelry with 14K hallmark is produced from 58.3% pure gold. On the other hand, 24K gold jewelry is produced from 99.9% pure gold.
If a gold jewelry does not have a hallmark, you cannot sell it at your jewelry store. So, make sure to get the BIS hallmark registration in a timely manner.
Jeweller registration with BIS is a mandatory requirement for any individual or entity wishing to sell hallmarked gold jewellery in India. It ensures that jewellery sold by the jeweller meets specific purity and quality standards set by the BIS. If a jeweller has multiple stores, they need to get separate BIS jeweller registration for each store where they want to sell hallmarked jewellery.
Once registered, jewellers can have their gold jewellery tested and hallmarked at authorized BIS Assaying and Hallmarking Centres. However, if the jewelry is already hallmarked, then it isn’t required. This is because a hallmark remains valid for the lifetime of gold jewellery.
To secure BIS jeweller registration, you need to fulfill the following steps via Manak Portal of BIS:
Step 1: Visit the official website of BIS.
Step 2: Now, on the homepage, click on the “Apply for Jeweller’s Registration” option.
Step 3: On the new page, click on the “Apply for Jeweller’s Registration” link.
Step 4: You will be redirected to a new page. Now, click on the NSWS link.
Step 5: On the NSWS page, click on “Central Approvals” and then choose “All Approvals” in the dropdown.
Step 6: On the “Approval and Registrations page”, you must type the keyword “Hallmark” in the search option provided at the top right hand corner. Thereafter, you must navigate to the “Registration of Jewellers for selling Hallmarked Jewellery/Artifacts” box. After this, click on “Add to My Approvals.”
Step 7: Now, a login page will appear on your screen. You must login using your credentials in case you have already registered on the portal. If not, you need to register yourself by choosing the “Register” link.
Step 8: In the registration form, you must fill in details such as full name, mobile number, email address, etc. After this, you will receive an OTP on your mobile number. Type it carefully.
Step 9: After successful registration, a verification link will be sent to your registered email ID.
Step 10: Upon successful verification, you must login with your credentials. Once done, click on the “My Dashboard” link at the top right corner of the page.
Step 11: Based on your selection, you must enter CIN/LLPIN if your business entity is already incorporated. If you run a sole proprietorship, click on the validate button so you can proceed to the next step.
Step 12: Click on the “+” sign to expand Company Registration details. Then, fill in all the necessary information. Similarly, enter Postal Address details and then factory/site location. After this, fill in details in the rest of the sections. Once done, save the application as draft by clicking on “Save as Draft”.
Step 13: Now, you can file the application after previewing. Previewing is necessary to ensure all the details are correct and complete, so don’t skip it.
Step 14: After successfully filing your application, a successful submission message will appear on your screen. To close the pop-up, click on the “OK” button.
Step 15: Thereafter, go to the “Registration of jewellers for selling Hallmarked jewellery/artifacts" section in the left menu. Then, fill in the “User Details”. In a similar manner, fill in the “Registration Details” and the rest of the sections.
Step 16: Once done filling out details in all the sections, save the application as draft by choosing “Save as Draft” option or submit the application by choosing “Review & Submit” option.
Step 17: After submitting the application successfully, your application status will reflect as “Approved” in the “My Dashboard” section.
Here are some mandatory display requirements set forth by BIS that you need to fulfill if you plan to your gold jewelry selling business through a sales outlet:
Outside the sales outlet of your gold jewelry business, you must display the logo of BIS with the “Hallmarked Jewellery available for sale” as shown below.
In the sales outlet, you must clearly display BIS-issued Certificate of Registration for sale of hallmarked articles.
You must display the following information inside your outlet:
Marking (components of hallmark) to be seen on Hallmarked articles.
Magnifying glass of minimum 10X magnification for the customers, so they can verify the details of the Hallmark on the jewellery/artifact.
Weighing balance of 0.01 g accuracy for verification of the weight of the jewellery/artifact.
Contact details of BIS office for any query or complaint.
Details regarding the latest hallmarking charges
If you plan on selling gold jewelry in India, make sure it carries the BIS hallmark. If a gold jewellery does not have the hallmark, you cannot sell it. Additionally, you must complete the jeweller registration process before you can run a gold jewellery selling business. You might be required to fulfill other legal and regulatory requirements, such as GST registration, shop and establishment license, and so on. Connect with Registrationwala to ensure your business complies with all such requirements.
Q1. What is the validity of the BIS hallmark?
A. Once a BIS hallmark is issued to a gold jewelry/artifact, it remains valid for the lifetime of such jewelry/artifact.
Q2. Do I need GST registration for gold-selling business?
A. Yes, GST registration is mandatory for running a gold-selling business.
Q3. What is the difference between BIS hallmark registration and BIS jeweller registration?
A. BIS hallmark registration is a mandatory requirement to sell gold artifacts and jewellries in India. On the other hand, BIS jeweller registration is a mandatory requirement to sell gold artifacts and jewelleries carrying hallmarks at retail outlets.
Q4. What does a 24k hallmark on a gold item indicate?
A. A 24k hallmark indicates that the gold item is made of 99.9% pure gold.
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