Searched for
GOLD SMUGGLING INCREASES
India’s illegal gold imports surge 1,500% after tax hikeIndia's illegal gold imports surged dramatically in the third quarter of 2023, reaching 50 metric tons. This rise is attributed to the gove...- Illegal gold imports surge in India: Smuggled gold selling up to Rs 8,000 cheaper is distorting bullion market & hurting legitimate dealersSmuggled gold is distorting India's bullion market, impacting legitimate dealers and jewelers. Higher import duties have made the grey mark...
- Six must-watch Nimisha Sajayan's movies and shows on OTT if you loved Babita Singh ReportingNimisha Sajayan has grabbed audiences' attention with her dynamic performances across various genres, including crime dramas and romantic t...
- Gold, silver, platinum duty earns govt Rs 10,463 crore since May 13Government collected Rs 10,463 crore in customs duty on precious metal imports. Gold imports generated Rs 10,040 crore, while silver and pl...
- 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...
- 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...
- DRI, Customs officers to intensify vigil on gold smuggling post import duty hikeRevenue intelligence and customs officials are preparing to tighten surveillance across airports, seaports and land borders after India rai...
- High Import Tariff Adding Fillip to Illicit Gold Trade
- Gold refiners go more than a month without bullion salesRefiners, who import impure or dore bars for refining, alleged that there has been a significant rise in smuggled gold in the Indian market...
- Northeast’s arms smuggling routes now turn goldenArms smuggling took a hit with the decline in insurgency after 2013-14, the DRI report said. “But as the routes and the network of carriers...
- Gold smuggling on the rise as high prices boost appeal in IndiaGold in India touched a record high of 39,885 rupees ($563) per 10 grams in early September.
- Import restrictions led to rise in gold smuggling: GovernmentImport restrictions on gold led to a rise in its smuggling and the various ways adopted to illicitly bring in the precious metal in the cou...
- Gold smuggling through airports rises in last three years: GovtGold smuggling through airports increased in three years to 2014-15 and the government seized Rs 429.84 crore precious metal till mid-Novem...
- Majority of gold from Dubai and Singapore smuggled into IndiaWith demand for gold increasing in the country, majority of gold from Dubai and Singapore are being smuggled into India due to the price di...
- Gold smuggling through Kerala airports has increased: Ramesh ChennithalaChennithala today said there has been an increase in gold smuggling through the three International airports in the state and there is a ra...
- Over three-fold increase in gold smuggling; airports on alertAn alert has been issued by DRI, the lead agency to check smuggling and customs duty evasion, to all international transit points across th...
- Four-time jump in gold smuggling; Rs 245 crore gold seized in 2013-14As many as 40 cases of gold smuggling were registered in 2012-13. The value of gold seized in these cases was about Rs 44.80 crore, accordi...
- 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...
- 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.
- Steep duty spurs smuggling of goldWith a rise in customs duty on gold imports, smugglers have been resorting to extreme measures to sneak in small amounts of the precious me...
Load More
