law: Voluntary Disclosure of Income and Wealth Act, 1976
  16.
  
  Immunity from penalty, prosecution, etc., under certain Acts.-
  (1)
  
  Where-
  (a) the voluntarily disclosed income declared under sub-section (1) of
  
  section 3 or any part thereof, or
  (b) the net wealth, or the assets the value whereof is, declared under
  
  sub-section (1) of section 15 or any part of such net wealth or assets, is or
  
  are represented by gold, then, notwithstanding anything contained in the
  
  Customs Act, 1962(52 of 192) or the Gold (Control) Act, such gold shall not be
  
  liable to confiscation under either of the said Acts and the person making the
  
  declaration shall not be liable to imposition of any penalty or infliction of
  
  any punishment under either of the said Acts for any act or omission in
  
  relation to such gold, if he fulfils the following conditions, namely:--
  (A) in a case where the gold is owned, possessed, held or controlled by
  
  the person making the declaration (such gold being owned, possessed, held or
  
  controlled by him in his capacity as a licensed dealer), necessary entries are
  
  made by him in the accounts, registers and documents maintained under the Gold
  
  (Control) Act, under intimation to the Gold Control Officer of the rank of an
  
  Assistant Collector of Central Excise or of Customs before the 1st day of
  
  February, 1976 and such other steps as are necessary for him to comply with the
  
  requirements of that Act in relation to such gold are taken by him before that
  
  date;
  (B) in any other case,--
  (i) where the gold is an article or ornament or both and the weight of
  
  such article or ornament, or the aggregate weight of both, together with the
  
  weight of any other gold (being an article or ornament) owned, possessed, held
  
  or controlled by him, exceeds the limits specified in sub-section (5) of
  
  section 16 of the Gold (Control) Act, such article or ornament or both, as the
  
  case may be, is or are declared in the form prescribed under sub-section (1),
  
  and in the manner specified in sub-section (8), of that section before the 1st
  
  day of February, 1976;
  (ii) where the gold is primary gold, such gold is either sold to any licensed
  
  dealer under intimation to the Gold Control Officer of the rank of an Assistant
  
  Collector of Central Excise or of Customs before the 1st day of February, 1976
  
  or is made into ornaments and a declaration in this behalf is made in the form
  
  prescribed under sub-section (1), and in the manner specified in sub-section
  
  (8), of section 16 of the Gold (Control) Act, before that date.
  (2)
  
  Notwithstanding anything contained in the Gold (Control) Act, any primary gold
  
  referred to in sub-clause (ii) of clause (B) of sub-section (1) may be sold by
  
  the person making the declaration to any licensed dealer and such licensed
  
  dealer may purchase such gold, provided that the total quantity of primary gold
  
  (not being in the form of standard gold bars) in the possession or custody of
  
  such dealer and the quantity of primary gold (not being in the form of standard
  
  gold bars) to be so purchased does not exceed the limit specified in clause (a)
  
  or clause (b) or clause (c) or, as the case may be, clause (d) of the proviso
  
  to sub-section (1) of section 32 of that Act.
  (3)
  
  Where a declaration is made under sub-clause (i) or sub-clause (ii) of clause
  
  (B) of sub-section (1), the provisions of section 16 of the Gold (Control) Act,
  
  shall, so far as may be, apply as if such declaration were a declaration made
  
  under this section.
  (4)
  
  The immunity provided under sub-section (1) shall, in a case where the person
  
  making the declaration is a firm, also extend to the partners of the firm.
  (5)
  
  Nothing in this section shall apply in relation to any gold,--
  (a) which has been seized or confiscated under the Customs Act, 1962 (52
  
  of 1962) or the Gold (Control) Act, before the declaration under sub-section
  
  (1) of section 3 or, as the case may be, under sub-section (1) of section 15,
  
  is made; or
  (b) which is seized as a result of any search made under either of the
  
  said Acts where such search had commenced before such declaration is made; or
  (c) in respect of which any other proceedings under either of the said Acts are
  
  pending before any authority before such declaration is made.
  (6)
  
  For the removal of doubts, it is hereby declared that nothing in this section
  
  shall be construed as exempting any person from discharging any obligation
  
  under the Gold (Control) Act, on or after the 1st day of February, 1976 in
  
  relation to the gold referred to in this section.
  Explanation.-  For the purposes of this section, the expressions "article",
  
  "gold", "Gold Control Officer", "licensed
  
  dealer", "ornament", "primary gold" and "standard
  
  gold bar" shall have the meanings respectively assigned to them in the
  
  Gold (Control) Act.