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Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise & Customs
(Anti-Smuggling Unit)
Room No. 512, 5th floor, Hudco Vishala Building,
R. K. Puram, New Delhi, dated 11th January 2018
To
(i) All Principal Chief/ Chief Commissioners of Customs/ Customs
(Preventive),
(ii) All Principal Chief/ Chief Commissioners of Customs & Central
Excise/Central Tax,
(iii) All Principal Commissioners/ Commissioners of Customs/ Customs
(Preventive),
(iv) All Principal Commissioners/Commissioners of Customs & Central
Excise/Central Tax,
(v) 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 Board's Circular No. 57/2016-Customs dated 01.12.2016.
2. In this context, I am directed to state that in addition to the
centre(s), viz, Mumbai, New Delhi, Calcutta, Chennai, Ahmedabad, Jaipur, Cochin,
Bangalore and Shillong, the sale of seized / confiscated gold found ripe for
disposal can be done at all the centres of State Bank of India, all Public
Sector Banks (approved by RBI to import and sell gold), MMTC Ltd. and STC Ltd
which also have authorisation from their competent authorities / head offices to
dispose/sell the seized/confiscated gold handed over to them.
3. 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.
4. Board desires that all Custom Houses should take urgent steps to dispose
of seized / confiscated gold as per the guidelines above.
Yours faithfully,
(Rohit Anand)
Under Secretary to the Government of India
F.No. 711/4/2011-Cus (AS)
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