Repealed or not in force · As amended up to 2026-08
31. Save as otherwise provided in this Act, no licensed dealer shall buy or otherwise acquire or agree to buy or otherwise acquire or accept or otherwise receive or agree to accept or otherwise receive any article, ornament or primary gold from a person who is not a licensed dealer or refiner:
Provided that any such dealer may buy or otherwise acquire or accept or otherwise receive or agree to buy or otherwise acquire or accept or otherwise receive from a person who is not a licensed dealer or refiner,—
(i) any ornament which is not required to be included in a declaration or any ornament which, being required to be included in a declaration, has been so included,
(ii) any article which, being required to be included in a declaration has been so included, or where such article is not
L. Subs. by Act 26 of 1969, S. 7 (retrospectively).
OF 1968] Gold (Control) 287
required to be included in a declaration, if the sale, delivery, transfer or disposal of such article has been authorised by the Administrator,
(iii) any primary gold, if the person selling, delivering, transferring, or otherwise disposing of the same has been authorised so to do by the Administrator:
Provided further that where any such dealer has delivered any article, ornament or primary gold to his artisan or a certified goldsmith, for the purpose of making, manufacturing, preparing, repairing or polishing any ornament, he may, after such ornament has been made, manufactured, prepared, repaired or polished, take back such ornament from the artisan or certified goldsmith, as the case may be.
Source: India Code