Tuesday, 16 October 2018

PROCEDURE FOR OBTAINING LICENCE UNDER BUREAU OF INDIAN STANDARDS



PROCEDURE FOR OBTAINING LICENCE BY JEWELLER FOR SALE OF HALLMARKED JEWELLERY / ARTEFACTS 


A jeweller desirous to sell Hallmarked gold jewellery/artefacts is required to obtain a licence from BIS for any particular premises of a sales outlet. The licence is granted to a jeweller for particular premises if the application in prescribed format along with necessary documents is found in order and payment of requisite fees and signing of an agreement for operating the licence by the jeweller jointly with BIS. In case the jeweller is also desirous to sell Hallmarked silver jewellery/artefacts another licence shall be obtained from BIS by submitting a separate application and agreement.

After grant of licence, the jeweller has to follow the terms and conditions mentioned in the agreement. Deviations in purity of precious metal (gold and/or silver) and observance of operations not in conformance to stated requirements may result in cancellation of the licence. Proceedings for penalties may also be initiated by BIS.

CORPORATE LICENCE  
Under the BIS Hallmarking Scheme for Gold and Silver, jewellers are required to take licence for sale of Hallmarked article from each outlet. A jeweller under same management having more than one sales outlet can obtain a corporate licence covering all of its sales outlets. Certain terms and conditions shall be applicable. There is also a provision for providing discount towards corporate licence fees.



List of Documents to be enclosed with the Application:


1)   Self certified copy of any one of following documents establishing the Firm:

                                    i.      Registration with State Government Authority/ Trade Licence OR
                                 ii.      Certificate of Registration issued by Company Registrar OR
                               iii.      Registered Partnership Deed in case applicant is a Partnership Firm OR
                               iv.      Certificate from a Chartered Accountant if applicant is a Proprietorship firm.

2)             Self certified copy of any one of following documents authenticating the Firm's premises (not older than 3 months) :

                                    i.     Registration with State Government Authority/ Trade Licences OR
                                  ii.     Sales Tax/ VAT registration OR
                                iii.     Income Tax Assessment Order OR
                                iv.     Insurance Policy OR
                                  v.     Property tax receipt OR
                                vi.     Rent agreement with last rent receipt OR Sale/ Lease Deed agreement OR
                              vii.     Electricity Bill OR
                            viii.     Telephone Bill OR
                                ix.     Water Bill OR
                                  x.     Gas connection OR
                                 xi.     Bank Statement/Pass Book containing the address of the sales outlet.

3)          Any one of following documents as identity proof of signatory on the Application:

                              i.                  Aadhar Card OR
                            ii.                  Driving Licence OR
                          iii.                  PAN card OR
                          iv.                  Voter Identity card OR
                            v.                  Passport OR
                          vi.                  Photo Bank ATM card OR
                        vii.                  Photo Credit card OR
                      viii.                  CGHS/ECHS photocard
                          ix.                  Arms licence OR
                            x.                  Identity Certificate with photo issued by Gazetted Officer on official letterhead OR
                           xi.                 Disability ID card/ Handicapped Medical Certificate issued by State Govts OR
                         xii.                 Freedom Fighter photo card OR
                       xiii.                 Pensioner photo card OR
                       xiv.                 Ration/PDS photo pard OR
                         xv.                 Photo ID issued by recognized educational institution OR
                       xvi.                 Kissan Photo PassBook OR

4)                   The additional documentation required to be submitted with the application are as follows:
                               i.                   Agreement on non-judicial stamp paper of Rs 100/- in the prescribed format.
                             ii.                   Location map of premises from some nearest prominent landmark (illustrative only).

Website for reference: http://www.bis.org.in

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Ravi Garg                                    
Company Secretary                    
Mobile: +91-7838204665,
Email: csravi2014@gmail.com

Monday, 1 October 2018

PROVISIONS OF KOTAK COMMITTEE EFFECTIVE FROM 01.10.2018

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CS Ravi Garg
Company Secretary

Mobile  :  7838204665
Email: csravi2014@gmail.com

Ravi Garg

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