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Union of India - Section

Section 38 in Gold (Control) Act, 1968

38. Prohibition regarding possession of gold not included in any return.

- Except in the case of any quantity of gold acquired, accepted or received after the date of making of any return referred to in Section 56, no licensed dealer shall, in his capacity as such dealer, either own or have in his possession, custody or control any gold which has not been included in such return:Provided that any gold acquired, accepted or received after the date of making such return shall be included in the next succeeding return.