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CUSTOMS GOLD SEIZURES
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...
Mumbai airport: 30 kg gold worth Rs 38 crore caught by customs from 24 women. Here's how they concealed gold bars and jewelleryThe Directorate of Revenue Intelligence (DRI) seized 29.37 kg of gold worth Rs 37.74 crore and arrested 24 carriers at Mumbai Airport. This...
Kempegowda gold bust: DRI seizes Rs 5 crore of gold after uncovering a international smuggling ring at Bengaluru airportThe Directorate of Revenue Intelligence has busted an international gold smuggling network at Bengaluru's Kempegowda International Airport,...
DRI, Customs seize 3,029 kg narcotics worth Rs 3,365 crore till OctoberDuring the period, about 260 kg of gold valued at over Rs 254 crore was also seized in 461 cases. In a written reply to a question in the L...
Watch: Delhi customs seize 170g gold worth ₹21 lakh hidden inside a water bottle capCustoms officers at Delhi's IGI Airport intercepted an Indian passenger arriving from Dubai. They found 170 grams of gold cleverly hidden i...
Gold worth Rs 12.56 cr seized from Kannada actress at Bengaluru airport: DRIKannada actress Ranya Rao was intercepted by Directorate of Revenue Intelligence officers at Kempegowda International Airport, Bengaluru, w...
Customs, DRI seize 847 kg of gold worth Rs 544 cr in Apr-Jun: SitharamanFinance Minister Nirmala Sitharaman reported that Customs and Directorate of Revenue Intelligence (DRI) officers seized 847 kg of gold, val...
Enforcement agencies seized 3,083 kg gold till November this year; Kerala accounts for maximum seizuresEnforcement agencies have seized 3,083 kg of gold till November this year, with Kerala accounting for the maximum number of seizures, Parli...
Mumbai Airport Customs seize 61 kg gold worth Rs 32 crore in a day. FM Niramala Sitharaman lauds the alertnessAt Mumbai Airport, based on the continuous monitoring of suspicious flights and building on the data-based analysis from the earlier high-q...
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 ...
Gold smuggling case: Kerala court grants Customs custody of M SivasankarThe Customs had claimed that the key accused in the gold smuggling case, Swapna Suresh, has revealed that Sivasankar was in the know and ha...
Customs arrest suspended IAS officer M Sivasankar in Kerala gold smuggling caseSources said the sleuths from the Customs (Preventive) Commissionerate visited the jail where Sivasankar is presently lodged here after bei...
CBI books six customs officers in Bengaluru in gold missing caseIn its report, the CBI stated that the Directorate of General Vigilance of Hyderabad Zonal Unit of Customs department had conducted an inte...
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 seizure at Mumbai international airport surges by 300%Gold seizure by Customs at the Mumbai international airport has increased by over 300 per cent this fiscal till February compared to same p...
Increase in gold smuggling due to hike in import dutyThe Finance Ministry has said incidence of gold smuggling has increased due to hike in import duty and fluctuation in global prices.