Consequencies on non submission of pan if purchase of gold jewellery is above rs. 2 lac

nikhilgupta (Income Tax Consultant (Advocate))   (48 Points)

25 December 2015  
We are purchasing gold jewellery above Rs 2 Lac but we dont want to submit PAN. Is there any other Form which be used in place of PAN. What are the consequency if we dont submit the PAN.