Written by Corpseed ITES Pvt Ltd » Updated on: December 03rd, 2024
Trust and quality are important considerations in today's fiercely competitive jewellery business. BIS (Bureau of Indian Standards) hallmarking is required to ensure that your customers receive authentic and high-quality jewellery. This certification procedure guarantees the authenticity and uniqueness of gold and silver jewellery, boosting consumer trust and enhancing your business's reputation.
• Consumer Protection: The BIS hallmark guarantees that customers receive jewellery of the declared purity and protects them from dishonest business practices.
• Brand Reputation: A BIS hallmark is a symbol of quality and integrity, elevating your brand's credibility and trustworthiness.
• Market Access: Your commercial prospects are increased by the increased acceptance of BIS-marked jewellery in both domestic and foreign markets.
• Legal Compliance: Following BIS hallmarking guidelines guarantees adherence to Indian requirements and keeps one out of trouble with the law.
1. Registration: Register your Jewellery business with the BIS and obtain a unique identification mark.
2. Hallmarking: Authorized hallmarking centers will assay your Jewellery and stamp it with the BIS hallmark, indicating the purity and manufacturer's mark.
3. Compliance: Ensure that all your gold and silver Jewellery is hallmarked as per BIS regulations.
The cost of hallmarking is not directly related to the HUID number. The HUID is a unique identification number assigned to each hallmarked piece of jewellery. It doesn't affect the price you pay for the jewellery itself.
However, the hallmarking fee is charged per article, regardless of its weight. The current fees are:
• Gold jewellery: Rs. 45 per item
• Silver jewellery: Rs. 35 per item
All hallmarking centres that have been approved by the Bureau of Indian Standards (BIS) must pay these fees.
BIS hallmark registration is specifically for jewellery who want to sell hallmarked gold and silver jewellery. It's not a registration for offices in general.
If you're looking to set up an office, you'll need to comply with various other regulations and registrations, depending on the nature of your business. This might include:
• Company Registration: If you're setting up a company, you'll need to register it with the Registrar of Companies (RoC).
• GST Registration: If your business turnover exceeds a certain threshold, you'll need to register for GST.
• Shop and Establishment License: This is a license required for setting up a shop or establishment.
• Other Licenses and Permits: Depending on the nature of your business, you may need additional licenses and permits, such as a pollution control board clearance or a fire safety certificate.
• Enhanced Customer Trust: BIS hallmarking builds trust with your customers, assuring them of the quality and authenticity of your products.
• Increased Sales: Hallmarked Jewellery is often preferred by consumers, leading to higher sales and revenue.
• Competitive Advantage: Differentiate your brand from competitors by offering BIS-hallmarked Jewellery.
• Long-Term Sustainability: A strong reputation built on quality and trust ensures the long-term success of your Jewellery business.
• What is the cost of BIS hallmarking?
The cost of BIS hallmarking varies depending on factors like the type of Jewellery, weight, and the specific hallmarking center.
• How long does the BIS hallmarking process take?
The hallmarking process typically takes a few days to a week, depending on the workload of the hallmarking center.
• Is BIS hallmarking mandatory for all Jewellery?
Currently, BIS hallmarking is mandatory for gold and silver Jewellery in India.
Final Thoughts
By investing in BIS hallmarking, you are not only complying with legal requirements but also making a significant investment in your brand's reputation and customer satisfaction. Embrace BIS hallmarking to elevate your jewellery business and build a loyal customer base.
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