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PROCEDURE FOR OBTAINING LICENCE BY JEWELLER
FOR SALE OF HALLMARKED JEWELLERY/ARTEFACTS
A jeweller desirous to sell Hallmarked gold jewellery/artefacts is required to obtain a licence from BIS for any particular premises of a sales outlet. The licence is granted to a jeweller for particular premises if the application in prescribed format along with necessary documents is found in order and payment of requisite fees and signing of an agreement for operating the licence by the jeweller jointly with BIS. In case the jeweller is also desirous to sell Hallmarked silver jewellery/artefacts another licence shall be obtained from BIS by submitting a separate application and agreement.
After grant of licence, the jeweller has to follow the terms and conditions mentioned in the agreement. Deviations in purity of precious metal (gold and/or silver) and observance of operations not in conformance to stated requirements may result in cancellation of the licence. Proceedings for penalties may also be initiated by BIS.
Under the BIS Hallmarking Scheme for Gold and Silver, jewellers are required to take licence for sale of Hallmarked article from each outlet. A jeweller under same management having more than one sales outlet can obtain a corporate licence covering all of its sales outlets. Certain terms and conditions shall be applicable. There is also a provision for providing discount towards corporate licence fees.
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