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SMUGGLED GOLD SEIZURE
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...
- 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,...
- Gold smuggling boom: Is it time to scrap import duties?India faces a significant issue with gold smuggling, driven by the high price difference between international and domestic markets, and cu...
- Kerala Police seize 150 kg of gold, Rs 123 crore in five-year crackdown on smugglingKerala Police has seized nearly 150 kg of gold worth Rs 81 crore and registered 337 hawala cases, confiscating around Rs 123 crore over the...
- 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...
- DRI seizes contrabands worth Rs 3,500 cr in FY 24; narcotic drugs, gold major contributorsRevenue Intelligence officers seized contrabands worth Rs 3,500 crore in FY 2023-24, with narcotic drugs and gold seizures constituting a m...
- 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...
- 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...
- 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...
- 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.
- 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.
- Import Duty triggers rise in crimeThe 10 per cent import duty on gold spurs unprecedented smuggling. Smugglers are skipping the traditional routes and tapping into fake curr...
- Finmin wants strict vigil on gold smugglingThe finance ministry has directed its agencies to step up vigil on international borders to check spurt in gold smuggling.
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