Three conduits held at Goa airport for smuggling gold

Image
Press Trust of India Panaji
Last Updated : Aug 21 2013 | 7:27 PM IST
Three persons, including two Sri Lankan nationals, were arrested at Dabolim airport in Goa for allegedly smuggling over 4 kg of gold, valued at Rs 1.33 crore, Customs officials said today.
The seizure has rung alarm bells in the department which believes that the incident is not an isolated one and could be an indication of the revival of gold smuggling through air and porous sea routes in the coastal state.
Commissionerate of Central Excise and Customs department sleuths today said the trio were apprehended following a tip-off.
"We seized 4.129 kg of gold worth Rs 1.33 crore in Indian market. One of the arrested persons had concealed part of gold in his rectum and another in a music system," Central Excise and Customs commissioner VPC Rao told reporters here.
The officer said the department has detected ten cases of gold smuggling since the beginning of this year.
"Since January this year, we have detected ten cases of gold smuggling. As the trend shows, gold is being smuggled on regular basis," he said.
Rao expressed apprehension that the practice of carrying out smuggling through porous sea routes in Goa may be reviving due to huge difference in domestic and international prices of gold in the Middle East.
Alarmed by the incident, he announced deployment of shore guard from September 1 to patrol the entire coast.
Goa had been used as a transit point in 1970s to smuggle out gold landed in its shore from abroad to rest of the country by road.
*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: Aug 21 2013 | 7:27 PM IST

Next Story