1987 (3) TMI 209

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....cause notice had spelt out that the demand for ornaments in the town of Sirsa was declining as per the turnover of the ornaments of the existing gold dealers in the said town in the past 3 years i.e. 1980-81, 1981-82 and 1982-83. Figures of turnover of the two existing gold dealers in the aforesaid years were given as 1253.950 gms., 1092.200 gms. and 479.200 gms. The original authority, while rejecting the application relied upon Rule 2(f)(ii) of the Gold Control (Licensing of Dealers) Rules, 1969. The aforesaid provisions stipulate that the licensing authority shall have regard to the following while considering the application for gold dealers licence :- "the demand of ornaments which is likely to arise in such city, town or district, ....

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....ate authority. We do not find any merit in those pleas and the reasons given by the learned lower appellate authority for rejecting those pleas are well founded and in accordance with the relevant provisions of the said Rules. Another plea of the learned Advocate for the appellant is that turnover has not been defined in Rule 2. It has, however, been defined in Explanation II after clause (ee) to Rule 3. It is reproduced below for proper appreciation :- "Explanation II - For the purposes of these rules, 'turnover' means:- (a) sale of ornaments and articles; (b) remaking of another person's ornaments and articles." The learned Advocate stressed that keeping in view the above definition, turnover not only of the ornaments but o....