AI Overview...
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Purchase Limits of Gold - The sources do not specify explicit quantitative limits on how much gold an individual can buy at a time. Instead, they emphasize legal restrictions and procedural requirements related to the possession, declaration, and transfer of primary gold under the Gold (Control) Act, 1968. For example, Sections 8(1) and 8(5) prohibit unauthorized possession and acceptance of gold coins or ornaments beyond certain thresholds, often requiring declaration or showing cause ASSTT COLLECTOR OF CENTRAL EXCISE/Gold CONTROL OFFICER VS NIL KANTA DEY - Calcutta, UNION OF INDIA (UOI) VS LANKAPALI PRAVAKAR RAO - Orissa, Collector Of Customs VS Jaykrishna Saha - Calcutta.
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Legal Restrictions and Declaration Requirements - The Act mandates that individuals must declare possession of primary gold, especially when exceeding certain quantities, and obtain necessary permissions from authorities. Unauthorized possession or transfer can lead to confiscation and legal action. For instance, gifts of gold coins above prescribed limits or possession without declaration are considered violations Collector Of Customs VS Jaykrishna Saha - Calcutta.
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Gold as Marital and Personal Property - Several cases highlight gold ornaments and jewelry as part of matrimonial property or personal assets, with courts often ruling on the entitlement and recovery of gold in divorce or dowry cases. The courts recognize gold ornaments as valuable property that can be claimed or recovered, subject to proof of ownership and proper declaration BINOY MATHEW vs CLARIS BINOY - Kerala, SAIDALAVI MUTHUKOYASO ALAVI vs SAFOORA - Kerala, SANTHOSH G. vs GAYATHRI DEVI - Kerala.
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Smuggling and Unauthorized Possession - The seizure and investigation of gold involve assessing whether the gold was smuggled or legally obtained. The burden of proof lies with the authorities to establish the legality of the gold’s possession, especially in cases involving smuggling or illegal import Neithanga Hmar VS Assistant Collector of Central Excise and Land Cus - Gauhati.
Analysis and Conclusion:
The legal framework under the Gold (Control) Act, 1968, restricts the amount of primary gold one can possess or transfer without declaration and permits. While specific quantitative limits are not explicitly detailed in the sources, the emphasis is on compliance with declaration requirements and permissible limits for gifts and personal possession. Gold ornaments and jewelry are recognized as personal and matrimonial property, with legal avenues for recovery. Unauthorized possession, smuggling, or exceeding prescribed limits can lead to confiscation and legal penalties. Therefore, the amount of gold one can buy at a time is governed by statutory limits and declaration obligations rather than fixed quantities, requiring individuals to adhere to legal procedures to avoid violations.
Search Results for "How Much of Gold One can Buy at a Time"
1979 0 Supreme(Cal) 386 • India - Calcutta
MURARI MOHAN DUTT, RAMKRISHNA SHARMA
GOLD (CONTROL) ACT, 1968 - SECTION 8 (1), 16, 29 - PRIMARY GOLD - DECLARATION - JURISDICTION OF GOLD CONTROL OFFICER TO ISSUE ... Fact of the Case: The respondent, a licensed gold dealer, was found in possession of primary gold (gold rod) without ... The Gold Control Officer issued a notice to show cause alleging violation of Section 8 (1) (i) for possessing primary gold without ... On such search they recovered 10 pieces of gold ....
1988 0 Supreme(Ori) 263 • India - Orissa
D.P.MOHAPATRA
Gold (Control) Act, 1968. ... Gold (Control) Act, 1968 and that it was "primary gold" as defined under Section 2(r) of the Act? ... GOLD (CONTROL) ACT, 1968 - SECTION 8(1) - SECTION 85(1)(II) - SECTION 97(1) - SECTION 98B(1) - SECTION 99 - RULE 13 OF THE GOLD ... to buy, accept or otherwise receive any primary gold. ... time, that is, at the time of search and seizure by the Central Excise authorities. ... The fact that the document....
2018 Supreme(Online)(KER) 42701 • India - High Court of Kerala
K.HARILAL, A.M.BABU, JJ
Recovery - Money and Gold Ornaments - Dowry Prohibition Act - Sec 2, Sec 6 - The court confirmed that the petitioner was entitled ... Fact of the Case: The petitioner sought recovery of Rs 2,00,000 and gold ornaments after her marriage ended. ... Issues: Whether the petitioner was entitled to the full amount of Rs 2,00,000 and the return of gold ornaments claimed. ... She wore 20 sovereigns of gold ornaments at the time of her marriage. A gold ring weighing one sov....
1977 0 Supreme(Cal) 102 • India - Calcutta
SABYASACHI MUKHARJEE, M.M.Dutt
GOLD (CONTROL) ACT, 1968 - SECTION 8 (5), 16 (1), 16 (5) - GIFT OF GOLD COINS - DECLARATION OF GOLD ORNAMENTS - INTERPRETATION ... A notice was issued to them to show cause why the gold sovereigns should not be confiscated under section 71 (1) of the Gold (Control ... Whether the respondents contravened section 8 (5) of the Gold (Control) Act, 1968 by accepting gold coins as a gift in excess of ... The respondent no. 2 had received gift in excess of 5 and total weight....
2010 Supreme(Online)(KER) 6222 • India - High Court of Kerala
K.BALAKRISHNAN NAIR, P.BHAVADASAN, JJ
The first accused was found guilty based primarily on the recovery of a gold ornament, while the second accused was acquitted. ... However, it is seen that she had a passion for gold ornaments and she used to spend a huge portion of her income for acquiring gold ornaments. The person, who used to buy gold ornaments for Kadeeja is none other than P.W.1. ... P.W.1 says that Kadeeja acquired gold ornaments out of her own earnings and she used to buy gold#HL_END....
1957 0 Supreme(Mad) 12 • India - Madras
RAJAGOPALAN
... One of the main tests to be applied in deciding whether the relationship of of master and servant was present is whether the time of the person who worked was at the disposal of the master. ... The employer will weigh and give the gold to the workers. We have to buy rice husk and charcoal. When work is given the type of ornament to be made will be instructed. The details will also be said. The size of the ornament and how it should be made will also be instructed. ... The petitioner stated further: ... “There is no f....
2011 Supreme(Online)(KER) 9125 • India - High Court of Kerala
K.S.RADHAKRISHNAN, C.T.RAVIKUMAR, A.M.SHAFFIQUE, ANU SIVARAMAN, JJ
Fact of the Case: The case involves a wife seeking recovery of Rs. 7,06,500 and gold ornaments from her husband and ... Final Decision: The appeal was dismissed, upholding the Family Court's decision to award recovery of money and gold ornaments ... Issues: Whether the wife proved her claim regarding the entrustment and appropriation of money and gold ornaments in the context ... Since it was not possible to raise so much of cash, the petitioner's father had agreed to give his daughter one acre of p....
2017 Supreme(Online)(KER) 52275 • India - High Court of Kerala
A.M.SHAFFIQUE, ANU SIVARAMAN, JJ
- Matrimonial Property - Act Section List - The Family Court's judgment upholding the wife's claim for the recovery of cash and gold ... Fact of the Case: The wife sought recovery of money and gold ornaments claimed to have been given as patrimony by her ... Issues: The primary issue was whether the wife successfully proved her claims regarding the monetary and gold items allegedly ... Since it was not possible to raise so much of cash, the petitioner's father had agreed to give his daughter one acre....
2004 0 Supreme(Bom) 115 • India - Bombay
R.M.LODHA, ANOOP V.MOHTA
... Gold Control (Forms, Fees and Misc. ... General Clauses Act, 1897 - Section 6 - statement of objects of the Gold (Control) Repeal Act, 1990 clearly attracts provisions of ... ... Gold Control Act, 1968 - Sections 27(7)(b), 31 and 36 - when in ... the stock in trade of gold and gold ornaments from a premises other than the one approved/specified for the purpose in the said licence; ... (ii) Section 31 of the Gold (Control) Act, 1968-- inasmuch as they bought or ot....
1962 0 Supreme(Gau) 30 • India - Gauhati
T.N.R.TIRUMALPAD
imposed by the lower Courts, he is sentenced to six months R. 1. under Sec. 23(1-A) (a) of the Foreign Exchange Regulation Act and to one ... Whether the gold seized in this case was smuggled gold or not? 2. ... On whom lies the burden of proving that the gold was not smuggled gold? 4. ... Nor, need much time be taken to go into the further question under Sec. 178-A whether the gold was seized by the Preventive Officer in the reasonable belief that i....
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