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Union of India - Section

Section 24 in Gold (Control) Act, 1968

24. Licensed refiner not to keep in a refinery any gold which is not a part of his stoc.

- in-trade.-Save as otherwise provided in this Act, no licensed refiner shall keep in his refinery any primary gold, article or ornament which is not a part of his stock-in-trade or held by him in his capacity as a refiner and every primary gold, ornament or article found in such refinery shall be deemed to be a part of his stock-in-trade or held by him in his capacity as a refiner.