Govt tweaks rule on sale of gold items
On Saturday the Central government announced that after March 31, 2023, the Bureau of Indian Standards (BIS) has prohibited the sale of hallmarked gold jewellery or gold artifacts without the six-digit alphanumeric hallmark unique identification number (HUID).
The government at the same time has however notified that hallmarked jewellery lying with consumers as per old schemes will remain valid.
The move aims to protect consumers and enhance their confidence in purchasing hallmarked gold jewellery. Official sources said it would ensure traceability and quality in gold jewellery. Consumers can check and authenticate hallmarked gold jewellery items with HUID numbers using the “verify HUID” in the ‘BID CARE‘ app.
The app provides information about the jeweller who got the article hallmarked, their registration number, the purity of the article, the type of article, and details of the hallmarking center which tested and hallmarked the article.
Using this information, the common consumer can verify the article being purchased by matching it with the article type as well as its purity.
As per Section 49 of BIS Rules, 2018, in case hallmarked jewellery bought by the consumer is found to be of lesser purity than that marked on the jewellery, then the buyer or customer must be entitled to compensation which will be two times the amount of difference calculated on the basis of shortage of purity for the weight of such article sold and the testing charges.
[With Inputs from IANS]
PGurus is now on Telegram. Click here to join our channel and stay updated with all the latest news and views
For all the latest updates, download PGurus App.