Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Gold smuggling changes face over the decades.


Date: 15-12-2015
Subject: Gold smuggling changes face over the decades
AHMEDABAD: Gold smuggling had attracted Bollywood's imagination the most. Filmmakers glamorised the activity, which was shown as a career preference of villains. Even those underworld dons, whose biopics projected various imaginative manners of gold smuggling, would rather enjoy the tricks --- tearing a currency note somewhere in the Middle East and then matching two torn halves on Indian shore etc.

The 1991 liberalization of market and abolition of Gold Control Act put an end in 1992 to the rampant gold smuggling seen as the mainstay of the underworld. Since then, the glamour in gold smuggling has remained confined to Bollywood's period dramas.

However, gold smuggling activity made a comeback in 2013 with the central government imposing 10% duty on gold imports. Interestingly, the new form of gold smuggling, as reported in last two years, is through air route. It has failed to fire imaginations as much as the smuggling by sea did.

In a bid to escape scrutiny of Customs and DRI officials gold smugglers regularly come up with unique modus operandi. Sometimes they hid gold bars in rectum and other body parts to escape scanners. But of recent, smugglers have grown more technical in their methods.

A Kerala-based man, Sajan, was held with 3kg gold covered with mercury inside a high-pressure car washer. A few more cases were detected in which mercury was used to conceal gold. Abdul Muthalib from Kerala was caught in city airport while bringing in gold by converting it into foil woven inside suitcases.

Smugglers now hide gold in zinc die cast scrap or bring it in under the guise of natural ore gold concentrate, which could be passed off as soil.

Customs officials said that more than 80% of gold carriers caught at airport are from Dubai, Abu Dhabi and Sharjah. The rise in smuggling cases is steep. From two cases in 2012, they rose to 46 in 2014. This year, till December, 42 incidents have been recorded, and 48.32 kg of gold, worth Rs 12.61 crore has been seized at the airport by customs and DRI with 44 smugglers/carriers being detained.

Besides gold, cigarettes are turning out to be another favourite of smugglers. Many passengers are being penalized for carrying extra cigarettes and consignments carrying foreign cigarettes are caught at ports with their auctions fetching crores of rupees.

Source : timesofindia.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 30-05-2025
Notification No. 31/2025-Customs
Seeks to i. extend the specified condition of exemption to imports of Yellow Peas (HS 0713 10 10) to bill of lading issued on or before 31.03.2026; ii. to reduce the basic custom duty on crude soya bean oil (HS Code 15071000), crude sunflower oil (HS Code 15121110), and crude palm oil (HS Code 15111000) from 20% to 10%

Date: 30-05-2025
Notification No. 38/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 26-05-2025
NOTIFICATION No. 37/2025-Customs (N.T.)
Notification of ICD Jalna, Maharashtra u/s. 7(1)(aa) of Customs Act, 1962" and it was issued under Section 7(1)(aa) of Customs Act, 1962

Date: 23-05-2025
Notification No. 30/2025-Customs
Seeks to amend notification No. 55/2022-Customs dated 31.10.2022 to remove the condition required for availing exemption on Bangalore Rose Onion.

Date: 23-05-2025
NOTIFICATION No. 36/2025 - Customs (N.T.)
Amendment in the Notification No. 63-1994-Customs (N.T) dated 21.11.1994 in respect of Land Customs Station, Raxaul

Date: 15-05-2025
Notification No. 34/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 09-05-2025
Notification No. 29/2025-Customs
Seeks to exempt works of art and antiques from Basic Customs Duty

Date: 30-04-2025
Notification No. 02/2025-Customs (CVD)
Seeks to amend Notification No. 05/2024-Customs (CVD) dated the 11th September, 2024 so as to align with changes made vide Finance Act, 2025

Date: 30-04-2025
Notification No. 26/2025-Customs
Seeks to rescind Notification No. 04/2025-Customs dated the 1st February, 2025

Date: 30-04-2025
Notification No. 27/2025-Customs
Seeks to amend Second Schedule to the Customs Tariff Act, to align it with changes made in the First Schedule to the Customs Tariff Act vide Finance Act, 2025.



Exim Guru Copyright © 1999-2025 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001