"An intelligence was developed by the zonal unit of the DRI which indicated an attempt to smuggle gold by resorting to concealment in a containerised cargo of zinc scrap being imported at Mundra port," a DRI official said.
"Based on specific intelligence, DRI officers seized a container imported from Dubai in the name of a Rajkot-based firm having declared goods as zinc scrap," the official said.
DRI officers separated 95 pieces of lumps of zinc scrap and identified 12 pieces as gold bars of one kg each.
Gold bars were entirely covered with clay-sand particles to hide them in zinc scrap.
"The overseas supplier would first entirely cover gold bars by pasting wet clay-sand on each of them. Later, it would be kept in rectangular shaped cases between molten zinc and then would be sent to Rajkot-based agents as a lump of zinc scrap," an officer said.
Further investigation into the gold bars is on, though the DRI has refrained from naming the Rajkot-based firm which imported the consignment.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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
