Smugglers smile as NRI carriers bring gold into India legally
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  1. #1

    Dec 2003
    Porter Township, Western Schuylkill County, Pa.
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    Smugglers smile as NRI carriers bring gold into India legally

    CHENNAI: Faced with curbs on gold imports and crash in international prices leaving it cheaper in other countries, gold houses and smugglers are turning to NRIs to bring in the yellow metal legally after paying duty. Any NRI, who has stayed abroad for more than six months, is allowed to bring in 1kg gold.

    It was evident last week when almost every passenger on a flight from Dubai to Calicut was found carrying 1kg of gold, totalling up to 80kg (worth about Rs 24 crore). At Chennai airport, 13 passengers brought the legally permitted quantity of gold in the past one week.

    "It's not illegal. But the 80kg gold that landed in Calicut surprised us. We soon got information that two smugglers in Dubai and their links in Calicut were behind this operation, offering free tickets to several passengers," said an official. The passengers were mostly Indian labourers in Dubai, used as carriers by people who were otherwise looking at illegal means, he said. "We have started tracing the origin and route of gold after intelligence pointed to the role of smugglers," he said.

    Smugglers smile as NRI carriers bring gold into country legally - Times Of India

  2. #2

    Dec 2003
    Porter Township, Western Schuylkill County, Pa.
    2 MINELAB EXPLORER SE PRO's .......3 Garrett Pro Pointers…… Sovereign XS-2 Pro ....... 2 Sovereign GT's
    74,520
    42564 times
    All Types Of Treasure Hunting
    Honorable Mentions (1)
    Even more smuggled gold enters India

    MUMBAI (Mineweb) -
    In the biggest ever catch at the Hyderabad airport, customs officials have seized 18 kilograms of gold and arrested three people. Gold bars worth over $804,826 (Rs 50 million) were seized on Friday at the international airport from passengers trying to smuggle in the precious metal.
    The trio had arrived from Singapore and were hiding the gold bars in their trousers and shoes. The 18 gold bars weighed one kilogram each. The gold was destined for Chennai in South India.

    Even more smuggled gold enters India - GOLD NEWS - Mineweb.com Mineweb

 

 

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