No seizure of Jewellery upto 500 grams claimed to be of married lady

0 comments Monday, October 29, 2012

We have duly considered the rival contentions and gone through the record carefully. In the judgement of Hon'ble Gujarat High Court relied upon by the assessee, the scope of the circular bearing no. 1916 has been considered. It is true that this circular was issued by the Board guiding its officials not to seize gold jewellery, if it is found to the extent of 500 grams and claimed to be of a married lady. Similarly, to the extent of 250 grams claimed to be belonging of a unmarried lady and 100 grams claimed to be belonging of male member, than no seizure is to be affected.
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