• Section 3. Business of a goldsmith not to be carried on without a licence
    (1) A person shall not carry on the business of a goldsmith unless that person has obtained a licence issued in that behalf.
    (2) A licence under subsection (1), other than a hawking licence, shall be granted by the competent police authority for the district in which the business premises of the goldsmith are situated, and shall specify the name, residence, and business premises of the goldsmith, and the licence shall only have effect in respect of the premises named in the licence.7(7)
    (3) A hawking licence shall be granted by the competent police authority for the district in which the hawker resides, and shall specify the name and residence of the hawker, and the licence shall have effect throughout the Republic.8(8)
    (4) The fee for a goldsmith’s licence shall be,
    (a) ¢1,000,000 and ¢100,000 for a medium scale industry and a traditional goldsmith respectively for first registration;
    (b) ¢500,000 and ¢100,000 for a medium scale industry and traditional goldsmith respectively for annual renewal of the licence which shall be on the 31st December.9(9)
    (5) A licence shall be in the form set out in the Schedule.
    (6) A person carrying on the business of a goldsmith without the prescribed licence or, being the holder of a licence, otherwise than in accordance with the terms of the licence, commits an offence and is liable on conviction to a fine not exceeding two hundred penalty units or to a term of imprisonment not exceeding six months, or to both the fine and the imprisonment.
    (7) The competent police authority may refuse to grant a licence, but the Minister may nevertheless on petition by the applicant direct a licence to be granted.10(10)
    (8) The holder of a licence, other than a hawking licence, shall keep suspended or fixed on the outside of the licenced premises a sign-board inscribed in legible letters with the name of the holder and the words “licensed goldsmith,” and the holder of a hawking licence shall produce the licence when required so to do by a person in the service of the Government.
    (9) A person who contravenes a provision of subsection (8) commits an offence and is liable on a first conviction to a fine not exceeding fifty penalty units and on a subsequent conviction, in addition to the fine, to the forfeiture of the licence.
    (10) This section does not prevent a goldsmith from carrying on business at more than one place or from trading in different districts as a goldsmith where separate licences are obtained.
    Subject : Purchase of Gold  
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