Penalty enhancement under Gold Control Act raises fines while reducing custodial terms for specified offences in amendments. Amendments to the Gold (Control) Act, 1968 increase the monetary penalty in subsection (2) of section 81B by substituting a higher fine and reduce the ... Summary
Penalty enhancement under Gold Control Act raises fines while reducing custodial terms for specified offences in amendments.
Amendments to the Gold (Control) Act, 1968 increase the monetary penalty in subsection (2) of section 81B by substituting a higher fine and reduce the maximum custodial term in subsection (3) of section 82 by substituting a shorter imprisonment period, thereby altering the statutory sanctions applicable to the specified offences.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.