Revised Customs Procedure for Gold Disposal

Instruction No. 26/2024-Customs, issued by the Central Board of Indirect Taxes and Customs on October 30, 2024, updates the procedure for the disposal of seized or confiscated gold. The revised mapping assigns the disposal of gold in 24-carat purity, including ornaments and articles, from Customs Zones in Telangana and Andhra Pradesh to the India Government Mint in Mumbai instead of the previously designated mint in Hyderabad. This change responds to the operational needs of the Security Printing and Minting Corporation of India Limited (SPMCIL). The instruction maintains existing procedures outlined in earlier directives, specifically Instruction No. 27/2021 and Instruction No. 22/2022, which detail the disposal process for such gold. The mapping now associates various Customs Commissionerates with their corresponding Focal Customs Commissionerate (FCC) and IG Mints, ensuring a streamlined process across the designated regions.

F. No. CBIC-50711/5/2021-INV-CUSTOMS
Government of India
Ministry of Finance, Department of Revenue
Central Board of Indirect Taxes and Customs
(Investigation-Customs)
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Instruction No. 26/2024-Customs Dated: 30th October, 2024

To
All Principal Chief Commissioner/Chief Commissioners of Customs/ Customs
(Preventive)/ CGST & Customs
Principal Director General of Revenue Intelligence,
Principal Commissioner, Directorate of Logistics,
Webmaster, CBIC.

Madam/Sir,

Subject: Disposal of gold – revised mapping of Customs jurisdictions to Focal Customs Commissionerate (FCC) and India Government (IG) Mints – reg.

The undersigned is directed to refer to Instruction No. 27/2021-Customs dated 03.12.2021 (read with its corrigendum dated 10.01.2022) and Instruction No. 22/2022-Customs dated 06.09.2022 which prescribe the procedure for disposal of seized/confiscated gold in any form of 24 carat purity i.e. including gold ornaments/jewellery/articles of 24 carat purity.

2. On account of operational requirements of Security Printing and Minting Corporation of India Limited (SPMCIL), henceforth the seized/confiscated gold meant for disposal from Customs Zones in Telangana and Andhra Pradesh would be lifted and processed by IG Mint, Mumbai (in place of IG Mint, Hyderabad). Accordingly, the updated table below Para 3.4 of the said Instruction 06.09.2022 is as follows –

3. All other aspects in the aforesaid instructions remain unchanged.

Shweta Garg
Deputy Commissioner
Investigation-Customs, CBIC
Tel. 011-21400625
Email ID: [email protected]