Customs seized 110 kg gold at IGIA this year till October
At least 110 kg of gold has been seized from smugglers at the Indira Gandhi International Airport (IGIA) here from January till October this year, a senior customs official said on Sunday.
Though the number of gold smuggling cases registered this year by the customs is slightly more than last year's figure, the quantity of gold seized is 78 kg less compared to the total seizure made in 2016, the official said.
The official credited demonetisation for the decline in smuggling of gold. A total of 114 cases of smuggling were registered by the customs between January and October at the airport, he said.
In these cases, 110 kg of gold, valued at about Rs 37 crore, was seized, the official said, adding that 62 smugglers were arrested in these cases for their alleged involvement in illegal ferrying of the yellow metal.
In 2016, 110 cases were registered by the customs in which a whopping 188 kg gold, valued at Rs 48 crore, was seized, he said.
Seventy-nine people were arrested for their alleged involvement in gold smuggling by the customs last year, the official said.
Gold smuggling has taken a hit due to demonetisation as 'hawala' transactions, used to bring the yellow metal into the country, was completely stopped, he claimed.
Prime Minister Narendra Modi announced on November 8, 2016, a ban on old Rs 500 and Rs 1,000 notes.The demand of gold has been traditionally high in the country as people prefer to invest in it for better returns.
Nearly 355 cases of gold smuggling were reported at the international airport in the financial year 2015-2016.
In these cases, authorities had seized 450 kg of gold, valued at a whopping Rs 132 crore, the customs official said.As many as 190 people were arrested in these cases.
About 240 cases of gold smuggling were reported in 2016- 17 fiscal. About 260 kg of gold, valued at Rs 76.31 crore, was seized by the customs at the Delhi airport, he said. As many as 100 people were arrested in these cases, the official said.
The seizure is also the result of stepped up surveillance at the airport to check smuggling. The customs officials maintain high vigil at the Delhi airport as it is one of the entry points in the country which registers maximum number of cases of gold smuggling.
- Allahabad HC Judge named as chairperson of DERC 23 Jun 2018 | IANS
- Four fake CBI officers arrested in Ghaziabad 23 Jun 2018 | SP Singh
- Metro‚Äôs Mundka-Bahadur Garh stretch to open on June 24 23 Jun 2018 | Staff Reporter
- Seven-member panel to look into issues faced by transgenders soon 23 Jun 2018 | Staff Reporter
- EDMC gets SKOCH awards under solid waste mgmt category 23 Jun 2018 | Staff Reporter
- Delhi Govt bags four SKOCH Order-of-Merit awards 23 Jun 2018 | Staff Reporter
- Anil Baijal releases report on women safety 23 Jun 2018 | Staff Reporter
- Delhi sees lowest load-shedding for June in 3 years 23 Jun 2018 | Staff Reporter
- Tiwari expresses gratitude to Central Govt for providing relief to traders 23 Jun 2018 | Staff Reporter
- Woman held for carrying live bullets at IGI Airport 23 Jun 2018 | Staff Reporter
Sunday EditionView All
24 Jun 2018 | PNS
Book on Renewable Energy Technology Released Hon’ble Union Minister of State (Independent Charge) for Power, New and Renewable Energy, Shri RK Singh released a book titled “Renewable Energy Technology” co-authored by Shri IS Jha, CMD (POWERGRID), Shri Subir Sen, COO (CTU Planning &Smart Grid) POWERGRID, Shri Manish Kumar Tiwari, Asst GM (Smart Grid) POWERGRID and Prof DP Kothari in the august presence of CMD, POWERGRID, senior officials of Ministry of....
STATE EDITIONSView All
24 Jun 2018 | PNS | RANCHI
Taking the vision of ‘New India’ and the challenges ahead among the aspiring business managers, Minister of State for Civil Aviation, Jayant Sinha discussed elaborately on the concept of ‘Farms to Frontiers’ to accelerate the Gross Domestic Product (GDP) growth rate while addressing the students of new batch of Indian Institute of Management-Ranchi (2018-2020) here on Saturday. Sharing his insights, understanding of business ventures and a few examples from his public...