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of <h1>New Guidelines for Disposal of Seized Gold: Includes 24-Carat, Quarterly Cycle, and Zone Mapping Adjustments under Instruction No. 27/2021-Customs.</h1> The circular addresses clarifications and additional instructions regarding the disposal of seized or confiscated gold under Instruction No. 27/2021-Customs. It outlines issues such as determining sale proceeds for refunds, expanding the scope to include 24-carat gold jewelry, prescribing a quarterly disposal cycle, and setting a minimum quantity for gold collection by SPMCIL. It also addresses capacity constraints at the Hyderabad Mint and revises the mapping of zones to focal customs commissionerates. The guidelines now apply to all 24-carat gold forms, and field formations are instructed to follow these revised procedures. Any arising difficulties should be reported for further amendments.
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