Release of Jewellery and Seized Assets: - Income Tax - F. No. 286/35/2004-IT(Inv. II)

F. No. 286/35/2004-IT(Inv. II) Date of Issue : 06.04.2004 Sub : Release of Jewellery and Seized Assets: Release of seized jewellery against bank guarantee may be decided in accordance with the Board s instruction dated 2-2-1999 (copy enclosed). For this purpose, the bank guarantee has to be obtained to the full extent of seized jewellery to be valued at the rate applicable at the time of release of jewellery.