Page 8 - Bullion World Issue 11 Volume 05 November 2025

Bullion World | Volume 5 | Issue 11 | November 2025
IFSCA Circular on Revised

Qualifying Criteria for

Qualified Jewellers (QJ)

Mr Ashok Gautam
Managing Director & Chief Executive Officer,
India International Bullion Exchange IFSC Ltd.

IFSCA has issued a circular
dated 10th October, 2025,

with an intention to broad
base the participation in the
IIBX, eligibility criteria for
entities seeking to be notified

as QJs (Qualified Jeweller)
for importing bullion through
the India International Bullion
Exchange (IIBX) has been

revised. This update aims to
streamline access for a wider
range of market participants.

Qualified Jewellers Eligibility criteria has been
revised to for broader participation. Key Highlights
of the IFSCA circular are as under:
a. The entity shall be engaged in the business of
goods falling under ITS(HS) codes 7106, 7108,
Mr Ashok Gautam 7113, 7114 and 7118 under Chapter 71 of
ITC(HS);

b. The entity must have filed due GST returns up to
the preceding month/quarter, as applicable, prior
to making an application to the IIBX;

c. A certificate should be submitted by the entity,
duly attested by a practicing chartered accountant
or a practicing cost accountant or a practicing
company secretary, stating that:

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