Of late, innovative ways to get the precious metal into the country without being detected have become common and customs officials have busted quite a few smugglers
In the latest gold smuggling case busted by Hyderabad customs team, 895.20 gm of gold worth ₹ 43.55 lakh in paste form was recovered from inside the undergarments of an Indian national back from Sharjah.
Visuals indicate that the gold paste was put into plastic pouches that were then hidden in the undergarment. A case of smuggling has been registered and further investigation is in progress, the officials said. Of late, innovative ways to get the precious metal into the country without being detected have become common and customs officials have busted quite a few smugglers.
Few days ago, officials at the Kannur airport in Kerala seized 302 gm of gold worth ₹ 14 lakh, from a passenger who tried to smuggle gold in paste form by hiding it between layers of the pair of pants he was wearing. In July, Chennai customs caught a man who carried about 810 gm of gold worth over ₹ 40 lakh in his rectum from Dubai. The gold was carried in the form of four bundles of gold paste.
According to Customs rules, male Indian residents living abroad for over one year have a duty-free allowance to bring up to 20 gm gold worth not more than ₹ 50,000 in their baggage. The duty-free allowance for women is 40 gm worth not more than ₹ 1,00,000. This allowance, however, applies only to gold carried in the form of ornaments
According to Customs rules, male Indian residents living abroad for over one year have a duty-free allowance to bring up to 20 gm gold worth not more than ₹ 50,000 in their baggage. The duty-free allowance for women is 40 gm worth not more than ₹ 1,00,000. This allowance, however, applies only to gold carried in the form of ornaments.
Other passengers who bring gold from abroad have to pay duty at the rates set by the government. Those who have lived abroad enjoy some relaxations.
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