Insta
More Than Three Tons Of Illegally Smuggled Gold Seized in FY18, 103 per Cent Higher Than Previous Fiscal
Old bullion bars and coins are seen for sale at Manfra, Tordella and Brookes, Inc. January 9, 2003 in New York City (Photo by Mario Tama/Getty Images)
In an operation launched by the Directorate of Revenue Intelligence (DRI) on 6 and 7 December, 66 kg of smuggled gold has been seized, PIB informed in a press release. The gold is estimated to be worth Rs 21 crore.
This is a part of the crackdown on the organised smuggling syndicate. Four people have been arrested so far across Lucknow, Kolkata and Siliguri. Additionally, four cars have been seized.
The gold was being smuggled through the Indo-Bhutan border in West Bengal. The cars used by the syndicate had been modified according to the necessities that arose and the gold was smuggled in the vehicles.
Between April and November 2018, nearly 2.63 tons of gold has been seized by the Indian customs authorities. In this financial year of 2018-19, several cases have been registered against gold smuggling in the country. In financial year (FY) 2017-18 (April to March), about 3.22 tons of gold has been seized by the officials. At this rate, it is higher by 103 per cent than what was seized in FY 2016-17.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest
