https://www.taxtmi.com/caselaws?id=441950 The Delhi HC ruled that proper officers lacked authority under Section 67 of the GST Act to seize silver bars, currency, and mobile phones from petitioner's residential premises. The court held that silver bars constitute "goods" under GST Act rather than "securities," and Section 67 does not permit seizure of currency or valuable assets merely because they represent unaccounted wealth. The court emphasized that search and seizure powers are drastic and should not be construed liberally, and the GST Act's purpose is not to proceed against unaccounted wealth. The court directed immediate release of all seized currency and valuable assets, allowing the petition. en-us Thu, 17 Aug 2023 00:00:00 +0530 Fri, 18 Apr 2025 14:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441950 The Delhi HC ruled that proper officers lacked authority under Section 67 of the GST Act to seize silver bars, currency, and mobile phones from petitioner's residential premises. The court held that silver bars constitute "goods" under GST Act rather than "securities," and Section 67 does not permit seizure of currency or valuable assets merely because they represent unaccounted wealth. The court emphasized that search and seizure powers are drastic and should not be construed liberally, and the GST Act's purpose is not to proceed against unaccounted wealth. The court directed immediate release of all seized currency and valuable assets, allowing the petition. Case-Laws GST Thu, 17 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441950