Based on the estimate, a courier bringing in 1 kg of gold currently worth around $40,000 at world prices could earn $470 if not caught.
As govt tries hard to choke the metal import, entry through unofficial channels doubled to 60 tonnes in first 5 months of this financial year
The incident took place around 10pm at Umsyiem village near Dawki town, 100 km south of the state capital, when a mob attacked the outpost, officials said on Monday.
West Bengal minister and Trinamool Congress leader Shashi told reporters in Kolkata that it is surprising that the BJP had taken a team from Sandeshkhali in West Bengal's North 24 Parganas district and gave a 'false portrayal' to none other than the President of the country.
An alert has been issued by the Directorate of Revenue Intelligence, lead agency to check smuggling and customs duty evasion, to all international transit points across the country, official sources said.
'I think some of us, like Mukesh Ambani, myself and those of us who head industrial units, ought to really focus on what we can really do to make the world a safer place, maybe 50 or 100 years from now.' 'For instance, how can we deal with climate change and global warming, right now?' 'The effects of it may not be felt now; in fact, we may pay a price for it today, but it will help the generations to follow.'
Finance Minister Nirmala Sitharaman on Tuesday announced income tax relief for the middle class, a Rs 2 lakh crore outlay for job creation schemes over the next five years and a spending splurge for states run by her party's new coalition partners as she unveiled the Modi 3.0 government's first budget after the general elections.
One can expect Pushpa 2 to be an even bigger spectacle than the first, predicts Mayur Sanap.
The Punjab police has arrested a Border Security Force jawan for allegedly helping in cross border smuggling of weapons and narcotics.
riminals smuggle an estimated $30 billion in US currency into Mexico each year from the US, researchers said.
The Madras high court on Friday upheld a trial court order convicting over 200 men, including forest and police officials and sentencing them to various prison terms for atrocities committed against tribals including rape, where the victims included a minor girl and a pregnant woman.
WGC had earlier estimated around 200 tonnes of gold was brought into India through smuggling in calendar year 2013.
The raids were carried out in Punjab, Haryana, Rajasthan, Uttar Pradesh, Delhi and the Union Territory of Chandigarh by the NIA as part of a mega operation that began early Thursday morning, a spokesperson of the premier investigating agency said.
The central agency asked Banerjee to appear at its Kolkata office on Friday morning, he said.
India's gold and silver imports from its free trade agreement (FTA) partner UAE have skyrocketed 210 per cent to $10.7 billion in 2023-24 and there is a need to potentially revise the concessional customs duty rates under the pact to mitigate the arbitrage driving this surge, a report said on Monday. Economic think tank Global Trade Research Initiative (GTRI) said this sharp rise in gold and silver imports is primarily driven by import duty concessions granted by India to the UAE under the India-UAE Comprehensive Economic Partnership Agreement (CEPA).
The war of words between the Samajwadi Party and Union Steel Minister Beni Prasad Verma war turned personal on Sunday with SP leader Shivpal Yadav accusing the Union Minister of smuggling opium and using charas.
Pehlu Khan's name was mentioned in the summary of the chargesheet.
Polling is scheduled in all 13 seats of Punjab and four of Himachal Pradesh, 13 constituencies in Uttar Pradesh, nine in West Bengal, eight in Bihar, six in Odisha and three seats in Jharkhand besides Chandigarh.
The Bangladesh government makes good earning out of the cattle business.
Bishnoi is alleged to be the kingpin of a global syndicate involved in smuggling of fire arms and wildlife.
The harum-scarum-ness of Kaala is astounding, exclaims Deepa Gahlot.
The Navi Mumbai police uncovered a plot to kill the actor during their investigation disclosing a video call conversation between Lawrence Bishnoi gang member Ajay Kashyap and another accused.
Recent regulations may have caused official gold imports to fall dramatically but evidence of smuggling is rising.
The smuggling came to light when their baggage were passed through an X-ray machine following a tip off.
15% of India's gold this year is likely to be smuggled in or arrive via other unofficial channels to beat a 10% levy imposed by the government
At a time when Bihar is facing acute shortage of fertilizers, particularly urea, authorities are unaware of rampant smuggling of fertilizers to Nepal and Bangladesh from the border districts of Bihar.
There was one case of cow-smuggling against Umar at the Govindgarh police station of Alwar, which was registered in 2012.
A vessel allegedly smuggling cigarettes and some other items from Dubai and carrying a banned satellite phone was intercepted off the Mumbai coast, and five Indians on board were taken into custody, Coast Guard and police officials said on Thursday.
In a statement Thursday, the Met said it will transfer the 15 sculptures for return to the government of India. The works range in date from the 1st century BCE to the 11th century CE, and include terracotta, copper and stone.
'You cannot give authority to citizens to start policing the State.'
Large quantities of fertilizers are smuggled through Nepal to China, where they are used as raw material for making explosives used to blast rocks for laying roads, a top secret intelligence report to the prime minister has revealed. Farmers are reeling under acute shortage of fertilisers because of this, the report said, estimating the illegal export from ten border districts of Bihar and Uttar Pradesh to the tune of Rs 1500 crores.
In a letter written by Director General of DRI Najeeb Shah, Air India has been asked to sanitise its staff, especially those involved in ground-handling duties, official sources said.
The Ayush ministry has been roped in by the BSF for the project. The ministry has provided the border-guarding force with the beehives and required expertise to fix those on the alloy-made "smart fence".
The finance ministry on Friday informed a parliamentary committee that smuggling of fake currency has totally stopped post demonetisation and the tax department has seized Rs 515 crore in cash, including Rs 114 crore of new currency notes, up to January 10.
The ICG and Gujarat Anti-Terrorist Squad apprehended the fishing boat in a joint operation in the high seas on Sunday afternoon, the coast guard said in a release in Ahmedabad.
The court also imposed a fine of Rs 1 lakh each on the six persons sentenced to 20-year imprisonment, out of the eight crew members who were on board the merchant vessel 'Henry'.
In an address at a security conclave of the Shanghai Cooperation Organisation in the Kazakh capital, he also underlined the need for holding accountable the sponsors, financiers and facilitators of terrorism, in remarks that came amid Pakistan's continuing support to various terror groups.
The government has asked jewellers to provide information on purchases of gold bars or jewellery worth more than Rs 500,000 by the end of this month, a move seen keeping a check on big transactions amid rising smuggling.
As much as Rs 8,000 crore worth of mobile phones in this segment - out of a total of Rs 15,000 crore - come into the country through the grey market. The government imposed the duty on these phones primarily to encourage domestic production but the strategy has failed as the bulk of high end mobile phones are currently imported.
The move could aggravate shortages in the physical market as authorities seize gold without a valid provenance.
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