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<h1>Ownership of Gold & Silver not Required under Gold Import Scheme: Petitioner Discharged, Seized Assets Returned</h1> The High Court of Bombay held that ownership of gold and silver is not a requirement under the Gold Import Scheme. The petitioner is granted discharge as ... Gold Import Scheme The High Court of Bombay ruled that ownership of gold and silver is not a criterion for eligibility under the Gold Import Scheme. The petitioner is entitled to discharge as the prosecution does not survive. Bail bond will be cancelled, and seized gold and silver will be returned to the petitioner. (Case Citation: 1994 (3) TMI 217 - BOMBAY HIGH COURT)
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