PMLA - reporting entity - the dealer in precious metals, precious stones and other high value goods having a turnover of rupees two crore in a financial year notified as a person carrying on designated business or profession - 4/2017 - Prevention of Money-Laundering

Rescinded Vide notification dated 6-10-2017 MINISTRY OF FINANCE NOTIFICATION No. 4/2017 New Delhi, the 23rd August, 2017 G.S.R. 1058(E).- In exercise of powers conferred by sub-clause (iv) of clause (sa) of sub-section (1) of section 2 of the Prevention of Money-laundering Act, 2002 (15 of 2003) , the Central Government hereby notifies the dealer in precious metals, precious stones and other high value goods having a turnover of rupees two crore in a financial year as a person carrying on designated business or profession. Explanation : In any year for the purpose of this notification the turnover of previous financial year shall be taken into account. [F. No. P-12011/4/2015-ES Cell-DoR] BIPLAB KUMAR NASKAR, Under Secy.