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of <h1>Gold jewellery seizure limits under CBDT Instruction (500g/250g/100g): benefit applies even to pre-11 May 1994 seizures</h1> In a search-and-seizure challenge, the dominant issue was whether CBDT Instruction dated 11 May 1994, prescribing non-seizure limits for gold jewellery by ... Search And Seizure - HELD THAT:- Petitioner has brought to my notice instruction dated May 11, 1994, issued by the Central Board of Direct Taxes by which 500 grams of gold jewellery and ornaments per married lady, 250 gms per unmarried lady, 100 gms per male member of the family were directed not to be seized. The instructions issued could only be retrospective in the sense that even if a seizure is made today irrespective of the date of acquisition of gold jewellery, the benefit has to be given to that extent. It is not the value which is increased but it is the weight which is considered reasonable looking to the social circumstances prevailing in the country. Simply because in a particular case the seizure is made on a date earlier to the date of instruction the benefit of instruction dated May 11, 1994, cannot be denied. Petition is accordingly allowed. The petitioner challenged a Commissioner's order regarding gold and silver explanation. A Central Board of Direct Taxes instruction allowed certain amounts of gold not to be seized. The High Court quashed the order and allowed the petition. (Case: 1999 (2) TMI 43 - KARNATAKA High Court)
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