https://www.taxtmi.com/caselaws?id=73554 A licensed gold dealer's storage of gold ornaments intended for sale in a room on the third floor, outside the approved shop premises, was treated as carrying on business in unlicensed premises under the Gold (Control) Act, so the acquittal on that count was set aside. By contrast, the charge of possessing gold in excess of the stock account failed because purchase bills, supporting testimony, and surrounding circumstances made the defence explanation plausible, and the benefit of doubt was maintained. The governing principle stated is that business-related storage of saleable gold in premises not covered by the licence breaches the licensing scheme, while an excess-possession charge may fail where the accused offers a credible explanation. en-us Fri, 08 Jan 1988 00:00:00 +0530 Sat, 28 Jan 2012 11:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=73554 A licensed gold dealer's storage of gold ornaments intended for sale in a room on the third floor, outside the approved shop premises, was treated as carrying on business in unlicensed premises under the Gold (Control) Act, so the acquittal on that count was set aside. By contrast, the charge of possessing gold in excess of the stock account failed because purchase bills, supporting testimony, and surrounding circumstances made the defence explanation plausible, and the benefit of doubt was maintained. The governing principle stated is that business-related storage of saleable gold in premises not covered by the licence breaches the licensing scheme, while an excess-possession charge may fail where the accused offers a credible explanation. Case-Laws Central Excise Fri, 08 Jan 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=73554