Disposal of seized valuables: amendment expands listed precious items permitted for disposal including gold, silver, and gemstones. Amendment updates the Schedule to the customs notification to substitute entries expressly listing gold in all forms and silver in all forms, including bullion, ingot, coin, ornament and crude jewellery, and adds a new Schedule item covering diamonds, precious and semi-precious stones, thereby expanding the categories of valuable seized goods authorised for disposal under the notification.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Disposal of seized valuables: amendment expands listed precious items permitted for disposal including gold, silver, and gemstones.
Amendment updates the Schedule to the customs notification to substitute entries expressly listing gold in all forms and silver in all forms, including bullion, ingot, coin, ornament and crude jewellery, and adds a new Schedule item covering diamonds, precious and semi-precious stones, thereby expanding the categories of valuable seized goods authorised for disposal under the notification.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
