Gold Seizure refers to the confiscation or taking into custody of gold jewellery, ornaments, or bullion by authorised authorities—typically the Income Tax Department—during a search or raid conducted under provisions like Section 132 of the Income-tax Act, 1961. However, if the jewellery is acquired from disclosed income, inheritance, or gifts, and is within the specified limits, it is generally not liable to seizure during such operations.


