Page 28 - Bullion World Volume 03 Issue 6 June 2023

Bullion World | Volume 3 | Issue 6 | June 2023

guidelines and several others are In the 2nd phase of mandatory Artisanal refiners may be permitted
in the process of getting their hallmarking, artisanal refiners may to take BIS registration similar
responsible sourcing certification. be permitted to HUID hallmark their to the jeweller’s registration for
Also, these refineries need to refined melted bars in any size below hallmarking and their melted bars
be adhering to PMLA and FATF 100 gm weight, with the grade - 24 can be submitted under the category
guidelines on financial compliances KJ 990, at BIS-recognized assay and – of gold artefacts. A new grade/
and audit trails, however, these hallmarking centres, for which BIS karat - 24 KJ 990 may be added
compliances may not be feasible for shall make necessary amendments to the permitted karatages listed
artisanal refiners. in HM regulations. These bullion in IS 1417:2016 and the samples
bars shall be having a minimum may be fire assayed as per the new
Considering the operational declared purity of 990.0 fineness test method A in the upcoming
constraints of artisanal refiners, in and their HUID hallmark shall reveal revised version of IS 1418:2009.
having a full-fledged gold refinery the identity of these bars such The India good delivery standard IS
ecosystem as above, there is as the name of the hallmarking 17278:2019 also may have to be
a resultant need to provide 3rd entity/artisanal refiner, name of the amended to add 100 gm bars into
party certification for their refined hallmarking centre, purity/grade the good delivery list of bullion bars.
melted bullion bars, and this can be of the bar, type of item and date
addressed with a new scheme of 3rd of hallmarking and can always
party hallmarking of melted bullion be verified in the BIS care App
bars, with a new hallmarking grade/ downloaded to a mobile phone.
kt as below:

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