https://www.taxtmi.com/caselaws?id=74953 A charge of dealing in gold under Section 27(1) of the Gold Control Act required proof of actual trading through a continuity of transactions; seized private account books and surrounding circumstances, without more, were insufficient, so the dealer-liability finding did not stand. Non-maintenance of the mandatory GS 13 register remained a statutory breach despite the appellant's age or illiteracy, but the penalty had to be proportionate to that limited infraction, so it was reduced. The redemption fine also had to correspond to the value of the seized gold, and was accordingly brought down to the admitted value. en-us Fri, 21 Jul 1989 00:00:00 +0530 Mon, 13 Jun 2011 15:49:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=74953 A charge of dealing in gold under Section 27(1) of the Gold Control Act required proof of actual trading through a continuity of transactions; seized private account books and surrounding circumstances, without more, were insufficient, so the dealer-liability finding did not stand. Non-maintenance of the mandatory GS 13 register remained a statutory breach despite the appellant's age or illiteracy, but the penalty had to be proportionate to that limited infraction, so it was reduced. The redemption fine also had to correspond to the value of the seized gold, and was accordingly brought down to the admitted value. Case-Laws Central Excise Fri, 21 Jul 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=74953