https://www.taxtmi.com/caselaws?id=72944 Mere possession of gold nose pins with an asserted intention to sell them does not, by itself, amount to commencing or carrying on business as a dealer under the Gold Control Act. The text distinguishes intention from attempt: intention is only a state of mind, while attempt requires an overt act directed to sale. Section 27 is attracted only where actual selling or a proved attempt to sell is shown. On the facts described, no offer for sale or attempted sale was established, so confiscation under Section 71 was not sustainable. en-us Fri, 27 Feb 1987 00:00:00 +0530 Fri, 27 Jan 2012 18:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=72944 Mere possession of gold nose pins with an asserted intention to sell them does not, by itself, amount to commencing or carrying on business as a dealer under the Gold Control Act. The text distinguishes intention from attempt: intention is only a state of mind, while attempt requires an overt act directed to sale. Section 27 is attracted only where actual selling or a proved attempt to sell is shown. On the facts described, no offer for sale or attempted sale was established, so confiscation under Section 71 was not sustainable. Case-Laws Central Excise Fri, 27 Feb 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=72944