10 kg of gold seized from 42 Sri Lankan nationals

Image
Press Trust of India Kochi
Last Updated : Nov 24 2013 | 9:10 PM IST
Air Intelligence Unit of Customs today seized over 10 kg of gold ornaments approximately worth over Rs three crore from 42 Sri Lankan nationals, who arrived here from Colombo.
The ornaments were concealed by the passengers - 28 women and 14 men - in their persons, a Customs press release said.
The seizure was based on information received by Customs.
Verification of their passports showed that most of them had made several trips from Colombo to various airports in south India and returned to Colombo the same day or the next day.
It was suspected that a gang was operating in Colombo and Chennai and they were recruiting passengers to smuggle in the precious metal by concealing in their persons, the release said.
These passengers were carriers who were given remuneration besides free tickets for their journey. They also carry textiles and other articles while returning, that could be sold at a huge profit in the island nation.
As per Baggage Rules, only Indian nationals are permitted to import gold ornaments and a male passenger can import duty free gold ornaments worth Rs 50,000 while for woman passenger, the duty free gold allowance is Rs 1,00,000.
Any Indian national who has stayed abroad for more than six months can import gold bullion or gold ornaments totally weighing only one kg, by paying duty of 10 per cent and 15 per cent respectively in convertible foreign exchange.
*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: Nov 24 2013 | 9:10 PM IST

Next Story