In two big initiatives to promote sale of pure gold, the government, on Wednesday, cut the licence fee for gold hallmarking by up to 87.5 per cent for jewellers in small towns, and launched a system for giving a unique identification number for each jewellery with purity certification. The current licence fee is Rs.20,000 for three years for all jewellers across the country.
The new licence fee will be Rs.2,500 for three years for jewellers in small towns with a population of less than three lakh. For jewellers located in towns, having a population of 3-10 lakh, the fee is Rs.5,000 for three years.
The license fee has been drastically reduced to promote hallmarking of gold, which is voluntary in nature at present. — PTI