Lawgist11DPrecautions to be taken by persons acquiring notified goods
1[11D. Precautions to be taken by persons acquiring notified goods.--No person shall acquire (except by gift or succession, from any other individual in India), after the notified date, any notified goods--
(i) unless such goods are accompanied by,--
(a) the voucher referred to in section 11F or the memorandum referred to in sub-section (2) of section 11G, as the case may be, or
(b) in the case of a person who has himself imported any goods, any evidence showing clearance of such goods by the Customs Authorities; and
(ii) unless he has taken, before acquiring such goods from a person other than a dealer having a fixed place of business, such reasonable steps as may be specified by rules made in this behalf, to ensure that the goods so acquired by him are not goods which have been illegally imported.]
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1. Chapters IVA, IVB and IVC ins. by Act 12 of 1969, s. 2 (w.e.f. 3-1-1969).
- 11A Definitions
- 11B Power of Central Government to notify goods
- 11C Persons possessing notified goods to intimate the place of storage, etc
- 11D Precautions to be taken by persons acquiring notified goods
- 11E Persons possessing notified goods to maintain accounts
- 11F Sale, etc., of notified goods to be evidenced by vouchers
- 11G Sections 11C, 11E and 11F not to apply to goods in personal use
