CBIC issued guidelines for the sale of seized/confiscated gold
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- By Chetan Kulasri
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- Last Updated on 23 February, 2026
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Instruction No.-27/2021-Customs Dated December 3rd, 2021
The CBIC has issued guidelines for disposal of seized/confiscated gold (other than gold ornaments/jewellery/articles). It has now been decided that seized/confiscated gold will be sold (other than gold ornaments/jewellery/articles) to Reserve Bank of India (RBI) only.
In this regard, the Board has consulted RBI and Security Printing and Minting Corporation of India Limited (SPMCIL) and also signed a tripartite Memorandum of Understanding (MOU) with them.
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