https://www.taxtmi.com/caselaws?id=166686 Section 66 of the Gold Control Act permits seizure only where the officer has reason to believe that the Act has been, is being, or is attempted to be contravened. Jewellery already entered in the prescribed G.S. 12 account and supported by voucher was not liable to seizure merely because the daily balance was not struck, as that omission alone did not justify a reasonable belief of contravention. By contrast, jewellery received later but not entered in the G.S. 12 account at all furnished sufficient material for such belief. Accordingly, seizure of the entered stock was set aside, while seizure of the unentered stock was upheld. en-us Fri, 24 Sep 1982 00:00:00 +0530 Thu, 30 Oct 2014 17:58:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166686 Section 66 of the Gold Control Act permits seizure only where the officer has reason to believe that the Act has been, is being, or is attempted to be contravened. Jewellery already entered in the prescribed G.S. 12 account and supported by voucher was not liable to seizure merely because the daily balance was not struck, as that omission alone did not justify a reasonable belief of contravention. By contrast, jewellery received later but not entered in the G.S. 12 account at all furnished sufficient material for such belief. Accordingly, seizure of the entered stock was set aside, while seizure of the unentered stock was upheld. Case-Laws Central Excise Fri, 24 Sep 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166686