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Cash purchase exeeding rs 20000 in a day

This query is : Resolved 
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(Querist)
01 September 2012 can a jwellers purchase gold or silver worth rs 50000/- in a single day in cash
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CA Ayush Agarwal

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CA Ayush Agarwal (Expert)
01 September 2012 No, Exceeding 20000 Disallow.
Apply to Jeweller Also.
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SANYAM ARORA

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SANYAM ARORA (Expert)
01 September 2012 No he can't purchase
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