DRI seizes 11 kg gold worth over Rs 5 crore, foils smuggling attempt
The Directorate of Revenue Intelligence (DRI) has successfully foiled attempts of organised gold smuggling though air route by effecting two successive seizures in Lucknow and Mumbai last week, which had a common method of concealment of gold.
After having received precise intelligence on May 6, DRI officials inspected a consignment which had arrived from Dubai at Air Cargo Complex, Chhatrapati Shivaji Maharaj International Airport in Mumbai. In the import documents, the item was declared as sectional and drum type drain cleaning machines, but on careful examination, 5.8 kg gold valued at Rs 3.10 crore in disc form was found concealed inside two motor rotors of the machine imported in the said consignment.
The importer was located in South Mumbai and was arrested. The importer has been sent to judicial custody by a local court.
This seizure in Mumbai was on the heels of another seizure made by DRI Officers in Lucknow a day earlier on May 5. In that case too, DRI intercepted an import cargo said to contain an electrical threading machine at Air Cargo Complex of Chaudhary Charan Singh International Airport in Lucknow, and gold discs were found concealed in the machines in a very similar fashion. Total 5.2 kg gold, valued at Rs 2.78 crore, was seized in this case.
Related Posts
Hsa Issues Alert Over Counterfeit Eye Mo Eye Drops
The Health Sciences Authority (HSA) yesterday issued a public health and safety...
44% increase in manufacturing sector losses due to illicit trade: study
Illicit trade in seven major manufacturing sectors has increased industry losses...
Smuggling of Phensedyl, narcotics, fake notes continues amid lockdown on Bengal-Bangladesh border.
According to BSF officials, most of the smuggling along the India Bangladesh...
NIA special court sentenced two for 10 years in fake currency case
The National Investigation Agency (NIA) special court in Vijayawada on Wednesday...