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PAN CARD MANDATORY FOR PURCHASING JEWELLERY WORTH 5 LAKH

This query is : Resolved 
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(Querist)
05 July 2011 In the case of bullion merchants, they sell silver to various companies for making of silver foil. In that case, this condition applicable.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
05 July 2011 1. APPLICABLE FOR BULLION AND JEWELLERY.
2. ONLY FOR PAYMENT TO DEALER FOR PURCHASE OF THE ABOVE ITEMS.
Ref:- CBDT Notification 27/2011 dated 26/05/2011.

In view of the above,my understanding is not applicable in your case since there is no purchase and sale is involved in the cited issue.
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