1982 (9) TMI 233

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....8-1982, he made out voucher No. 27 in respect of 495 pieces of Gold Jewellery weighing 1891.300 grams for sale outside his licensed premises of Nellore. An entry to that effect was made as required in form No. G.S. 12 accounts on 2-8-1982 itself. Two days thereafter, on 4-8-1982, he took out 66 pieces of Gold Jewellery weighing 412.300 grams under voucher form No. 28. Out of the above 561 pieces of gold jewellery weighing 2303.400 grams the petitioner sold 6 pieces of gold jewellery on 6-8-1982 at Kakinada under voucher No. 7, dated 6-8-1982 to a licensed dealer. When the petitioner with the remaining 555 pieces of gold jewellery weighing 2283.400 grams was found at Godavari Railway Station, the Superintendent, Central Excise, Preventive Di....

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....ance column in G.S. 12 account was kept blank and the failure to strike the balance column in G.S. 12 account amounted to a contravention of the Gold Control Act and its provisions. This is the justification which the third respondent has given for seizing the above-mentioned 495 pieces of gold. In justification of the seizure of the 66 pieces of gold weighing 412.300 grams the third respondent stated that the gold was not accounted for at all in G.S. 12 Account. It was stated by the third respondent that as the petitioner had not maintained the G.S. 12 Account in accordance with the Gold Control Act and its provisions and particularly as he had not shown the balance as on 2-8-1982 in G.S. 12 account and had not made any entries whatsoever ....