Synopsis
The GJEPC chairman Colin Shah pointed out operational challenges brought on by the fact that all exporters maintain common inventory for both export and domestic streams.
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K Srinivasan requested a clarificatory amendment on hallmarking exemption to manufacturers supplying articles to exporters.
NEW DELHI: With mandatory gold hallmarking set to be implemented in India from June 1, 2021, the GJEPC in a representation to Piyush Goyal, Minister of Consumer Affairs welcomed the decision but has sought clarity on certain issues pertaining to exports under the hallmarking provisions.
While the this order excludes exporters, the GJEPC has called on the authorities to “explicitly clarify that jewellers having transactions only in the export stream are completely excluded from the purview of the Hallmarking Order”.