Divyesh Gaikwad 03 October 2020
Hemant Agarwal (ha21@rediffmail.com Mumbai : 9820174108) 03 October 2020
1. Selling or Buying "precious metals" (Gold, Silver ....) requires proper License issued by State Govt., without which it is a prosecutable offence to deal in previous metals, on a commercial scale.
Keep Smiling .... Hemant Agarwal
VISIT: www.chshelpforum.com
Dr J C Vashista (Advocate) 04 October 2020
Is it necessary to seek licence to sell silver in Mumbai ?
Hemant Agarwal (ha21@rediffmail.com Mumbai : 9820174108) 04 October 2020
1. YES .... proper license by state govt., is issued to sell all precious metals, which includes Gold, Silver, Zinc, Copper, ....
Keep Smiling .... Hemant Agarwal
VISIT: www.chshelpforum.com
Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 ) 04 October 2020
Under the BIS Hallmarking Scheme for Gold and Silver, jewellers are required to take licence for sale of Hallmarked article from each jewellery store (or venture). A jeweller under same management having more than one jewellery stores can obtain a corporate licence covering all of its sales outlets.
G.L.N. Prasad (Retired employee.) 04 October 2020
There is a difference between commercial activity and individual transactions. An individual can sell his silverware to anyone he likes. A Kirana merchant without a proper license can not engage in such a bullion trade.
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