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HC dismissed petition challenging gold seizure under GST Act. Petitioner conducted unregistered sales of old gold worth Rs.47.73 Crores, with transactions lacking proper tax documentation. Time extension for investigation granted under Section 67 proviso nullified petitioner's limitation argument. Court found confiscation proceedings under Section 130 prima facie valid, directing petitioner to participate in proceedings. Petitioner retains right to seek provisional release of seized gold under Section 130(2) during confiscation proceedings. Investigation revealed unauthorized procurement and supply between entities without mandatory GST documentation. Dismissal upholds administrative authority's jurisdiction while preserving statutory remedies available to petitioner.
HC dismissed petition challenging gold seizure under GST Act. Petitioner conducted unregistered sales of old gold worth Rs.47.73 Crores, with transactions lacking proper tax documentation. Time extension for investigation granted under Section 67 proviso nullified petitioner's limitation argument. Court found confiscation proceedings under Section 130 prima facie valid, directing petitioner to participate in proceedings. Petitioner retains right to seek provisional release of seized gold under Section 130(2) during confiscation proceedings. Investigation revealed unauthorized procurement and supply between entities without mandatory GST documentation. Dismissal upholds administrative authority's jurisdiction while preserving statutory remedies available to petitioner.
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