26 May 2022
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Indian Customs eying new record of gold seizures in 2014
Until second week of October, the department has so far seized 815 kilograms of gold.
By: Diamond World News Service
Oct 27 2014 4:06AM
Reference: 10754  

The gold seizure at the Mumbai International Airport is all set to reach a new record in 2014, report says.

The Customs officials have reportedly seized 815 kilograms of gold until second week of October. This is more than twice the quantity of gold seized during entire 2013. The value of seized gold now stands at Rs 205 crore, adds a report. Going by the current rate, the quantity of gold seized in a full year is all set to cross 1000 kilograms in 2014, for the first time in the Airport’s history, adds a report. Further, the report adds that to keep the increased incidences of gold smuggling in check, the Direct Revenue Intelligence (DRI) under the Customs Department had tightened the scrutiny mechanisms and security procedures at the airport.

For the past three years, the gold seizures has shown steady rise. The gold seized in 2012 had totaled just 63 kilograms while in 2013, there was five-fold rise in gold seizures to 346 kilograms, adds a report.

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