| Date: |
01-12-2016
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| Notification No: |
Customs Circular No. 57/2016
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| Issuing Authority: |
Indian Customs
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| Type: |
Circular
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| File No: |
711/04/2011-CUS (AS) |
| Subject: |
Guidelines for the sale of seized/confiscated gold - reg.
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GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
Anti Smuggling Unit (CBEC)
Circular No. 57/2016-Customs
Room No. 512, 5th Floor, Hudco Vishala Building,
R.K. Puram, New Delhi.
Dated 01.12,2016
TO,
- All Principal Chiefs Cbief Commissioners of Custoins/ Customs (P),
- All Pi‘incipal Chief/ Chief Commissioners of Customs & Central Excise,
- All Principal Commissioners/ Commissioners of Customs/ Customs (P),
- All Principal Conimissioners/ Commissioneis of Customs & Central Excise,
- Webmaster, CBEC Website
Subject:- Guidelines for the sale of seized/confiscated gold - reg.
Madam/Sir,
- I am directed to refer to the procedure for disposal of seized/ confiscated gold prescribed vide Ministry’s letter F.
No, 711/164/93-CUS (AS) dated 08.08.2005 and to state that in addition to the State Bank of India, the sale of seizcd/ confiscated gold found ripe for disposal can be routed through all Public Sector Banks (approved by RBI to import and sell gold), MMTC Ltd. and STC Ltd.
- All the other conditions prescribed in the Ministry’s letter vide F.
No. 711/164/93-CUS (AS) dated 08.08.2005 shall be followed.
- Board desires that all Custom Houses should tale urgent steps to dispose of seized/ confiscated gold as per the guidelines above.
Yours faithfully,
(ROHIT ANAND)
Under Secretary to Govt. of India
F. No. 711/04/2011-CUS (AS)
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