News Update

Govt exempts from import duty 20 lakh MT of crude sunflower seed oil & soybean oil under TRQ SchemeIMF Chief urges India to reconsider ban on wheat exportRenaming of district invites arsonists to AP Minister’s house; Fire controlled from spreadingGST - IGST refund - Procedures u/r 96 cannot be applied strictly to deny legitimate export incentives that are available to an exporter: HCST - Partner (M/s. Cadila Healthcare Ltd.) cannot be said to be rendering services to the Partnership Firm (M/s. Zydus Healthcare) so as to be held liable to tax as per FA, 1994: HCGST - Applicant extends vessel related services, supporting shipper to facilitate entry/exit of vessel in Indian Ports - Services are more in the nature of 'support services for transport of vessels' and aptly classifiable under SAC 9967; CGST @ 9%: AARGST - It is not as if that the plea being taken now was not available at the time filing of the Writ Petition - Scope of reviewing an order is very limited: HCService - Seniority of direct recruits is to be fixed from the date of appointment and not from the 'date of initiation of recruitment process': HCLanka seeks USD 500 mn fuel loan from IndiaQuad leaders decided to invest USD 50 bn in Indo-Pacific InfrastructureIndia-US relations to be closest on earth, says BidenPunjab Minister dropped from Cabinet on corruption groundSupreme court on ocean freight issue - Few observationsAnalysis and impact of SC judgment in Mohit MineralsCus - Revocation of licence - On the same set of evidences, two different findings have been recorded by Commissioners at Nagpur and Mumbai - Same is nothing but discrimination contrary to Article 14 of the Constitution: CESTATONGC now trading domestic gas on Gas ExchangeI-T - Section 50C not to apply if transaction undertaken qualifies as 'adventure in the nature of trade': ITATDavos jamboree - Economic outlook turning pale, conclude Govt speakers
 
DRI seizes gold worth Rs 8.4 Cr smuggled via Indo-Myanmar border

By TIOL News Service

NEW DELHI, MAY 13, 2022: IN another significant operation by the Directorate of Revenue Intelligence (DRI), against organised gold smuggling syndicates, code-named "Gold on the Highway", 15.93 kg of foreign-origin gold smuggled though the Indo-Myanmar border, and valued at Rs 8.38 crore, was seized on 12th May 2022 in Guwahati and Dimapur.

Acting on the basis of specific intelligence, officers of DRI mounted discreet surveillance on two oil tankers and a truck travelling separately from Mao, Manipur to Guwahati, Assam. In the early morning hours of 12th May 2022, these vehicles were intercepted simultaneously at different points along the National Highway between Dimapur and Guwahati.   

In the fiscal year 2021-22, DRI has seized 833 kg of gold valued at Rs. 405 crore during its operations across the country. Of this, in the North-Eastern states, DRI has seized more than 208 kg gold valued at Rs. 102.6 crore, smuggled through the highly sensitive Indo-Myanmar and Indo-Bangladesh border.

After intensive examination of the intercepted vehicles, 96 pieces of gold biscuits weighing 15.93 kg were recovered that had been carefully concealed in different parts of the three vehicles. Five persons of the syndicate have been arrested and three vehicles were seized in the operation. Further investigations are in progress.

DRI's ability to effectively detect and affect such seizures acts as a deterrent to those attempting to compromise India's economic frontiers. DRI remains committed to continuing its relentless crackdown against the perpetrators of such crimes.


POST YOUR COMMENTS