Hallmark Registration Overview:-
Hallmark registration in India primarily refers to the certification process for gold and silver jewelry. The Bureau of Indian Standards (BIS), under the Ministry of Consumer Affairs, Food, and Public Distribution, is responsible for the Hallmarking Scheme in India. Hallmarking is a voluntary certification, but it is highly encouraged to ensure the quality and purity of precious metals used in jewelry.
Significance of hallmarking Registration in India
Hallmarking registration in India holds significant importance, particularly in the context of the jewelry industry. Here are some key significances of Hallmarking registration:
- Quality Assurance: The primary significance of Hallmarking registration is to provide assurance to consumers regarding the quality and purity of gold and silver jewelry. The hallmark certification indicates that the jewelry meets the specified standards set by the Bureau of Indian Standards (BIS).
- Consumer Protection:Hallmarking plays a crucial role in protecting consumers from fraudulent practices and ensures that they receive jewelry with the declared purity. It builds trust between buyers and sellers by offering a standardized and reliable method of assessing the quality of precious metals.
- Promotion of Quality Standards:By encouraging or making Hallmarking mandatory, the government aims to promote a culture of quality in the jewelry manufacturing and retail sector. This, in turn, contributes to the overall reputation of Indian jewelry in the global market.
- Industry Credibility:For jewelers and manufacturers, having their jewelry Hallmarked adds credibility to their business. It signifies a commitment to quality and compliance with established standards, which can be a competitive advantage in the market.
- Reducing Counterfeiting:Hallmarking acts as a deterrent against the production and sale of counterfeit or substandard jewelry. The standardized marking system makes it more challenging for unscrupulous traders to pass off low-quality products as genuine.
Document 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 certification (if the applicant is a proprietorship firm)
- Address Proof of Company/Firm
- GST Registration Certificate
- Income Tax Assessment Order
- The Sale/lease deed Agreement
- Rent Agreement with previous rent receipts
- Latest Receipt of Property Tax
- Registration Certificate issued by State Government
- Proof of Annual Turnover
- Copy of GST returns of previous financial year
- In case firm is new, an undertaking should be collected from the firm with an estimate of projected turnover and assurance to submit GSTR
- ID proof of the Signatory
- Aadhaar Based Verificate/ e-Signature
- A copy of the PAN card, Aadhaar card, passport, driver's license, or picture ID card issued by a Gazetted Officer on official letterhead.
Hallmark License Fees
Import Export Code Registration requires the following documents:
- Copy of PAN Card of an individual, firm, or company.
- Copy of the proprietor's voter ID, Aadhaar card, or passport.
- Proof of the establishment, incorporation, or registration of a partnership, society, proprietorship firm, company, HUF, and many more.
- Proof of business address, such as a sale deed, lease deed, rent agreement, or utility bills (electricity, phone, or mobile).
- Individuals, companies, or firms can cancel cheque copies of their current bank accounts.
- A self-addressed envelope for the delivery of the IEC certificate by registered post.
Cases where Import-Export Code (IEC) is not mandatory
According to the most recent government circular, IEC is optional for all GST-registered traders. In all such circumstances, the trader's PAN will be treated as a new IEC code for the purpose of import and export. Import Export Code (IEC) is not necessary if the products exported or imported are for personal use only and not for business purposes. Exports/imports by Government of India Departments and Ministries, as well as Notified Charitable Institutions, do not require an Import Export Code.
