Revenue department has asked Customs to take “urgent steps” to dispose confiscated gold while permitting the department to utilise the services of public sector banks, MMTC and STC, to sell the seized metal. The government had informed Parliament that 67.4 kg gold was misplaced from the vaults of Customs department at the Indira Gandhi International Airport this fiscal. “In addition to the SBI, the sale of seized/confiscated gold found ripe for disposal can be routed through all public sector banks (approved by RBI to import and sell gold), MMTC and STC,” the Central Board of Customs and Excise (CBEC) said in a communication to its top officials.
06/12/16 PTI/The Indian Express
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06/12/16 PTI/The Indian Express
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