Searched for
GOLD SEIZURE INDIA
Rs 21.5 crore worth gold, Rs 28.5 crore cash seized from bus driver's house in West BengalBirchum Police raided a retired driver's home, seizing significant cash and gold in West Bengal. This wealth is reportedly linked to stone ...- 8 kg gold worth over Rs 11 crore seized at Kerala airports in one weekCustoms officials in Kerala seized eight kilograms of gold worth over eleven crore rupees during recent enforcement actions. Last week's co...
- 15 kg gold, Rs 28.5 crore cash haul in West Bengal leads to arrest of stone trader aide Minar MondalBirbhum Police arrested Tullu Mondal's manager and brother-in-law after a large cash and gold recovery. Rs 28.5 crore in cash and 15 kg of ...
- Gold tariff hike boosts grey market, hurts organised trade, says WGCIndia's gold imports have increased through unofficial channels following a tariff hike. This rise widens margins for grey market operators...
- Guwahati: Polices seize nearly 37 kg of suspected smuggled gold worth around Rs 55 croreGuwahati Police have made a massive seizure of nearly 37 kg of suspected smuggled gold, valued at approximately Rs 55 crore, in the Kharghu...
- Ahmedabad customs recover smuggled gold worth over Rs 4 crore from flight arriving from DubaiAhmedabad customs officials intercepted a significant gold haul. The precious metal was discovered concealed within a speaker box on IndiGo...
- Smugglers are hard at work as higher duty puts the shine on goldThe recent spike in import duties in India has inadvertently fueled a rise in gold smuggling activities. Traders are noting a marked increa...
- Delhi: American national of Indian origin held at IGI Airport with 115 gold bars hidden in specially designed beltIn a significant crackdown, customs agents at Delhi's IGI Airport intercepted an American of Indian descent, discovering a staggering 115 g...
- Brace for higher gold prices and supply boom in grey markets after customs duty hike: SBI report15% customs duty hike on gold imports is expected to raise domestic prices and potentially divert supplies through unofficial channels, acc...
- Custom officials have to ascertain purity and value of seized goldNormally, when customs officials seize gold, they hand it over to the Reserve Bank of India (RBI) via SPMCIL on a quarterly basis, through ...
- India gold smuggling slowed by election seizures of cash, bullionDealers were charging a premium of up to $2.50 an ounce over official domestic prices, the highest in nearly five months.
- Gold smugglers turn new-age alchemists to evade detection at airportsThe idea is to ensure that gold, in the new form, is concealed in a hard metallic device or container and goes undetected by scanners.
- High customs duty on gold fuels smugglingThe high rate of customs duty on gold may have acted as a deterrent for imports but it resulted in large-scale smuggling.
- Gold smuggling in India makes a new record, crosses Rs 1,000 croreGold smuggling is at all-time high in India as seizure in illicit trade has crossed Rs 1,000 cr mark in one financial year.
- Gold smuggling at all-time high, seizures total Rs 1,000 croreIn two years, since government increased duty on gold to 10% to rein in a yawning current account deficit, gold smuggling has grown by 900%.
- 87kg gold seizure in West Bengal's Siliguri is country’s biggestIn the largest ever gold seizure by law enforcement agencies in the country, officers of the Directorate of Revenue Intelligence have seize...
- Gold import curbs may have led to rise in smuggling activityGold worth Rs 931.55 crore has been seized by customs authorities and Directorate of Revenue Intelligence during the April-January 2015.
- Smuggled gold seizures rise four-fold in first half of FY15"Increase in the gold import this year compared to the last year during same period may be attributed to higher domestic demand," Sinha sai...
- Gold haul up 5-fold to Rs 565 crore in 2013-14Sources said the value of gold actually smuggled could be over 10-20 times this amount. Some estimates put seizures at 1-2% of actual smugg...
- Spurt in gold smuggling; yellow metal worth Rs 245 crore seizedAs many as 700 cases of gold smuggling have been reported across the country so far during 2013-14, official sources said.
Load More
