Customs staff begin process to auction 24kg seized gold.

October 11, 2019 by adminficci News 0 comments

Ludhiana: Customs Commissionerate of Ludhiana has initiated the auction proceedings of 24kg gold seized and confiscated in different actions at the Chandigarh International Airport, Mohali (CHIAL). This was informed by commissioner of customs Arvinder Singh Ranga, who also said the gold was valued at Rs7.36 crore approximately.
Speaking to TOI, Ranga said, “There are nine international flights from Dubai and Sharjah per week at CHIAL, and there is arrival of approximately 1,500 passengers a week. The Customs staff posted at the airport is well equipped to curb the activities of smuggling of any goods, and the airport now has the advanced passenger information system (APIS), which helps in the profiling of passengers. In the first year (2016-17), one case of smuggling of 250g gold, valued at Rs6.3 lakh was detected by us; in 2017-18, as many as 25 cases of smuggling of 14.993kg gold, valued at Rs4.30 crore were detected; in 2018-19, there was seizure of 10.743kg gold, valued at Rs3.29 crore; and in the current financial year up to September, 9.57kg gold, valued at Rs3.08 crore has been seized.”

https://timesofindia.indiatimes.com/city/ludhiana/customs-staff-begin-process-to-auction-24kg-seized-gold/articleshow/71531292.cms