Section 23: Receipts

23. Receipts (1) Every dealer shall issue a serially numbered receipt in respect of— (a) each purchase, sale, or supply to another dealer, of jewellery; and (b) each item of jewellery received for re-manufacture or repair. (2) A legible duplicate copy of any receipt issued under subsection (1) shall at all times be kept on the dealer's business premises. (3) Every dealer shall produce, on request, the duplicate copy of any receipt to the Director. (4) Every dealer shall keep the duplicate copy of a receipt for a period of at least 5 years after the completion of the transaction to which it relates. (5) Every receipt issued under subsection (1) shall, in addition to the serial number, contain the following information— (a) the full name, trading name and business address of the dealer; (b) the date of issue of the receipt; (c) the full name and address of the person from whom the jewellery is purchased or received, or to whom it is sold; (d) a detailed description of the jewellery and any precious or semiprecious stone, including the number of items, net mass, the fineness of the precious metal, and the price; and (e) such other particulars as may be prescribed. (6) Where any information required under subsection (5) is not available, the dealer shall not carry out the transaction to which the receipt relates. PART V – DIRECTOR’S POWERS