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WHO WILL REGULATE THE ENSUING GOLD (PRECIOUS METAL) CONTROL ACT- THE CBDT OR THE STILL BORN CBIT OR THE RBI?

Other Topics - By: - jayaprakash gopinathan - Dated:- 26-11-2016 - The Hon ble Prime minister declared that the demonetisation is only the beginning to end the menace of the black money. In such a scenario one can anticipate the reintroduction of the .....

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of taking out a leaf from the Budget introduced by Dr. Manmohan Singh in 1994 for the introduction of Service Tax without much debate by camouflaging it as Chapter V of the Finance Bill, 1994 cannot be ruled out considering the lack of majority in th .....

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ion of gold in primary forms (bars & coins) by individuals and restricted possession of gold jewellery. Persons were required to declare the gold jewellery in their possession if it exceeded more than two kilograms. The period between 1968 and 19 .....

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r 10 years in jail the Indian control failed for the lack of deterrence in penal provisions and in its enforcement. This time the Central Excise Duty introduced for gold jewellery will definitely have an impact in the regulation if introduced. The de .....

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d bars is not recorded afterwards. So there may be an attempt to trace it by making mandatory declaration of gold and other precious metal bars and jewellery above a certain quantity. As happened in 1939 in U.S, the Government may resort mandatory pu .....

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