{"id":8832,"date":"2021-05-24T20:56:58","date_gmt":"2021-05-24T15:26:58","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=8832"},"modified":"2021-05-27T13:25:17","modified_gmt":"2021-05-27T07:55:17","slug":"gjepc-seeks-govt-clarification-on-export-related-exemption-from-mandatory-hallmarking","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/gjepc-seeks-govt-clarification-on-export-related-exemption-from-mandatory-hallmarking\/","title":{"rendered":"GJEPC Seeks Govt. Clarification On Export-related Exemption From Mandatory Hallmarking"},"content":{"rendered":"\n

\u2022\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 MoC&I forms a committee to resolve Hallmarking concerns. COLIN SHAH, Chairman and K SRINIVASAN, Convener Gold Panel to represent GJEPC<\/em><\/strong><\/p>\n\n\n\n

\u2022          Hallmarking implementation deferred for 15 days<\/em><\/strong><\/p>\n\n\n\n

\u2022          Bureau of Indian Standards (BIS) to resolve the problems of exporters as raised by GJEPC in the next 3- 4 days<\/em><\/strong><\/p>\n\n\n\n

With mandatory gold hallmarking set to be implemented in India from 1st June, 2021, the GJEPC in a representation to Shri  Piyush Goyal, Minister of Consumer Affairs and Food & Public Distribution, Govt of India welcomed the decision but has sought clarity on certain issues pertaining to exports under the hallmarking provisions.<\/strong><\/p>\n\n\n\n

While the Hallmarking Order excludes exporters, the GJEPC has called on the authorities to \u201cexplicitly clarify that jewellers having transactions only in the export stream are completely excluded from the purview of the Hallmarking Order\u201d.<\/p>\n\n\n\n

The GJEPC chairman Mr. Colin Shah pointed out operational challenges brought on by the fact that all exporters maintain common inventory for both export and domestic streams. Shah noted that the storing of fully manufactured specified gold articles should not require compliance with the hallmarking provisions, except prior to domestic sale.<\/strong><\/p>\n\n\n\n

K Srinivasan, Convener, Gold Panel, GJEPC explained: \u201cAs 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.\u201d<\/strong><\/p>\n\n\n\n

Srinivasan also pointed out that purchases made by foreign buyers at domestic exhibitions like IIJS are tantamount to export sales and should therefore be outside the purview of the Hallmarking Order.<\/p>\n\n\n\n

Srinivasan requested a clarificatory amendment on hallmarking exemption to manufacturers\/wholesalers supplying articles to exporters.<\/p>\n","protected":false},"excerpt":{"rendered":"

\u2022\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 MoC&I forms a committee to resolve Hallmarking concerns. COLIN SHAH, Chairman and K SRINIVASAN, Convener Gold Panel to represent GJEPC \u2022          Hallmarking implementation deferred for 15 days \u2022          Bureau of Indian Standards (BIS) to resolve the problems of exporters as raised by GJEPC in the next 3- 4 days With mandatory gold hallmarking set…<\/p>\n","protected":false},"author":1,"featured_media":8833,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-8832","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"\nGJEPC Seeks Govt. 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COLIN SHAH, Chairman and K SRINIVASAN, Convener Gold Panel to represent GJEPC \u2022          Hallmarking implementation deferred for 15 days \u2022          Bureau of Indian Standards (BIS) to resolve the problems of exporters as raised by GJEPC in the next 3- 4 days With mandatory gold hallmarking set…\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gjepc.org\/solitaire\/gjepc-seeks-govt-clarification-on-export-related-exemption-from-mandatory-hallmarking\/\" \/>\n<meta property=\"og:site_name\" content=\"Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-24T15:26:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-27T07:55:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2021\/05\/Piyush-Goyal.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"472\" \/>\n\t<meta property=\"og:image:height\" content=\"266\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/#website\",\"url\":\"https:\/\/gjepc.org\/solitaire\/\",\"name\":\"Solitaire magazine is a International jewellery magazine - India\\u2019s leading B2B gem and jewellery magazine\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/gjepc.org\/solitaire\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/gjepc-seeks-govt-clarification-on-export-related-exemption-from-mandatory-hallmarking\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2021\/05\/Piyush-Goyal.jpg\",\"width\":472,\"height\":266},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/gjepc-seeks-govt-clarification-on-export-related-exemption-from-mandatory-hallmarking\/#webpage\",\"url\":\"https:\/\/gjepc.org\/solitaire\/gjepc-seeks-govt-clarification-on-export-related-exemption-from-mandatory-hallmarking\/\",\"name\":\"GJEPC Seeks Govt. 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