Pune: Customs seizes foreign currency worth Rs 28 lakh

Image
ANI General News
Last Updated : Feb 28 2019 | 11:46 PM IST

The Customs officials on Thursday seized about Rs 28 lakh worth of foreign currencies from two individuals at the departure area of Pune Airport.

According to Deputy Commissioner of Customs Hashal Mete: "The individuals named as Mohan Patil and Sachin Macchindra Patil allegedly tried to smuggle foreign currencies of denomination 41,422 in US Dollars and 200 in AED."

The Customs officials seized the foreign currency under the reasonable belief that the same was attempted to be smuggled outside India and hence was liable for confiscation under provisions of the Customs Act, 1962.

The statement of the two individuals was recorded and further investigation is underway.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 28 2019 | 11:23 PM IST

Next Story