Registration under dvat for gold dealers??

Dear Experts, I want to start dealing as dealers for gold & silver bullion in Delhi. I have some stock with me to start. Is it necessary to register first under DVAT to do any sale or could I just sell the bullion as a unregistered dealer without collecting any VAT over the sale, till i reach the taxable quantum. And registering under DVAT.
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Please someone.. need some advice on this..
Anyone.. please advice on this

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