Disposal of Seized Goods - Amends Notification No.31/86-Cus.

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Disposal of valuable seized goods — Notification No. 31/86-Cus. amended Notification No. 72/97-Cus. (N.T.), dated 22-12-1997 In exercise of the powers conferred by sub-section (1A) of section 110 of the Customs Act, 1962 (52 of 1962), the Central Government hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 31/86-Customs, dated the 5th February, 1986, namely:- In the Schedule annexed to the said notification, - (a) for item 4A, the following item shall be substituted, namely:- “4 A . G o ld in all fo rm s in clu d in g b u llio n , in g o t, co in , o rn am en t, cru d e jew ellery.”; (b) for item 4B, the following item shall be substituted, namely:- “4 B . S ilver in all fo rm s in clu d in g b ullion, ingot, coin, ornament, cru d e jew ellery.”; (c) after item 9, the following item shall be added, namely:- “1 0 . D iam o n d s, p recio u s an d sem i-p recio u s sto n es.”. [Notification No. 72/97-Cus. (N.T.), dated 22-12-1997]

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