Under the Prevention of Money-laundering Act, 2002, does "precious metal" include metals notified by…
Section 2(1)(sb) lists gold, silver, platinum, palladium, and rhodium as precious metals but also allows the Central Government to notify any other metal, so metals beyond…
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Under the Prevention of Money-laundering Act, 2002, does "precious metal" include metals notified by the Central Government apart from gold, silver, platinum, palladium, rhodium?
Answer and explanation
Correct answer A
Section 2(1)(sb) lists gold, silver, platinum, palladium, and rhodium as precious metals but also allows the Central Government to notify any other metal, so metals beyond this express list can be included, not restricted to jewellery use or export purposes.