Seized Gold Cannot Be Confiscated Just For Having An Invalid Letter Of Approval: CESTAT

The CESTAT ruled that seized gold cannot be confiscated for lacking an invalid letter of approval. The case involved the seizure of gold, with the authorities attempting to confiscate it due to the absence of a valid letter of approval. The tribunal found that the confiscation was not justified, as the letter of approval did not meet the legal requirements. This decision reinforces the need for strict compliance with legal formalities before taking action against seized goods and ensures that authorities cannot act arbitrarily in such cases.