Smuggled Gold Seizures Rise 43% To 2,000 Kg During April-September
NDTV
Gold smuggling seizures this year from April till September 2023 is 2,000 kg vis-a-vis 1,400 kg in the same period last year.
Smuggled gold seizures have increased nearly 43 per cent to 2,000 kilogramme during April-September, with most of the yellow metal entering India through the land borders of Myanmar, Nepal and Bangladesh.
Central Board of Indirect Taxes and Customs (CBIC) Chairman Sanjay Kumar Agarwal said in April-September period of last year, 1,400 kg of gold was seized, while during the full fiscal 2022-23, around 3,800 kg was seized.
"There is no change in duty structure of gold vis-a-vis last year. But smuggling may be dependent on the prevailing prices of gold in international and domestic markets." Mr Agarwal told reporters in New Delhi.
