"100 (1) Every licensed dealer oi refiner oi certified goldsmith, as the case may be, .shall, before accepting buying or otherwise receiving any gold from any per&on. lake such steps as are specified by the Central Government by rules made in this behalf, to satisfy himself as to the identity of the person from whom such gold is proposed to be accepted, bought or otherwise received by him.
(2) If on an inquiry made by a Gold Control Officer the person from whom a licensed denier or refiner or certified goldsmith is purported to have accepted, bought or otherwise received any gold is not found at the address mentioned by the licensed dealer, refiner or certified goldsmith or at any other address ascertained from the first-mentioned address the Gold Control Officer may call upon such dealer, refiner or certified goldsmith, as the case may be, to establish that h'p had taken the stops specified by the rules made under subsection (1).
(3) If such dealer, refiner or certified goldsmith, as the case may be, omits or fails, when called upon so to do, to establish that he hed taken the steps specified by rules made under sub-section (I), it shall be presumed, until the contraiy is proved, that such gold was accepted, bought or otherwise received by such dealer, refiner or certified goldsmith, as the case may be, in contravention of the provisions of this Act.
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(4) Nothing in this section shall apply to a petty transaction.
Explanation.—In this section, "petty transaction" means a tran* saction in which the total weight of any primary gold, article or ornament which is accepted, bought or otherwise received from the same person in the couise- ot a day, docs not exceed twenty-five grammes.".