News Analysis / 6 Digit Alphanumeric HUID
Published on: March 07, 2023
Source: India Today
Why in News?
Bureau of India Standards (BIS) has prohibited the sale of hallmarked gold jewelry or gold artefacts without 6-digit alphanumeric Hallmark Unique Identification Number (HUID) after 31st March 2023. However, Hallmarked jewelry lying with consumers as per old schemes shall remain valid.
Earlier, the old hallmarked jewelry with 4 marks without HUID was also permitted to be sold by the jewelers along with the 6-digit HUID mark.
What is Hallmarking?
About:
Working Mechanism:
What is the Significance of Hallmark?
As per BIS Rules, 2018, in case Hallmarked jewelry bought by the consumer is found to be of lesser purity than that marked on jewelry, then the buyer/customer shall be entitled for compensation which shall be two times the amount of difference calculated on the basis of shortage of purity for the weight of such article sold and the testing charges.
It is a tool to safeguard and protect the consumers and enhance their confidence in purchase of hallmarked gold jewelry with traceability and assurance of quality.