Guidelines for sale of seized/confiscated gold
CBEC has instructed that in addition to the State Bank of India, the sale of seized/confiscated gold found ripe for disposal can be routed through all Public Sector Banks (approved by RBI to import and sell gold), MMTC Ltd. and STC Ltd.
CBEC Circular No. 57/2016-Customs., Dated: December 01, 2016