Gold smuggling cases on the rise

Written By Unknown on Minggu, 23 Juni 2013 | 22.24

MUMBAI: Cases of gold smuggling seem to be on a rise despite gold prices hitting a low in India. If cases at Mumbai airport are to be looked at, there have been big seizures two days ago when a man was arrested for hiding and attempting to smuggle gold worth Rs 21 lakh. On the same day, a woman was arrested for carrying gold worth Rs 54 lakhs.

Even before that, there have been recurrent cases where carriers try to smuggle gold into India through Dubai. Officials said that cases of people trying to evade duty on gold bought for personal use are also on a rise.

"People don't think when they spend money on buying gold. But when it comes to paying a duty, they want to duck the charge. This is why many people get caught with imported gold even when there are not smugglers," said a customs official.

Senior officials said that smuggling of gold has been a perennial problem. However, better detection is leading to a surge in cases. "There is more smuggling than what the detected cases represent. Customs will have to be on its toes to instill fear of smuggling among the syndicates," said a senior official.

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