https://www.taxtmi.com/caselaws?id=72850 For gold dealer licensing, demand had to be assessed strictly on the turnover of existing licensed dealers during the statutorily prescribed three-year period before the application, and later figures could not be used. Turnover under the rules covered only ornaments and articles, so sales of standard gold bars, treated separately as primary gold, were excluded. Where the earlier licence had long lapsed and no further challenge had been pursued, a later request was a fresh application, not a renewal, so past business history or alleged illness of the proprietor could not alter the position. The refusal of the licence was therefore upheld. en-us Fri, 06 Mar 1987 00:00:00 +0530 Fri, 27 Jan 2012 18:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=72850 For gold dealer licensing, demand had to be assessed strictly on the turnover of existing licensed dealers during the statutorily prescribed three-year period before the application, and later figures could not be used. Turnover under the rules covered only ornaments and articles, so sales of standard gold bars, treated separately as primary gold, were excluded. Where the earlier licence had long lapsed and no further challenge had been pursued, a later request was a fresh application, not a renewal, so past business history or alleged illness of the proprietor could not alter the position. The refusal of the licence was therefore upheld. Case-Laws Central Excise Fri, 06 Mar 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=72850