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Customs seizes 854 kg gold in Apr-Oct period

New Delhi: The Customs department has seized 854 kg of gold between April-October this fiscal, with maximum quantity emanating from Myanmar, UAE and Thailand, Parliament was informed today.

Najib Shah Chairman of  CBEC,   the nodal national agency responsible for administering Customs department.
Najib Shah Chairman of CBEC, the nodal national agency, responsible for administering Customs department.

Minister of State for Finance Santosh Kumar Gangwar said that the Customs department had seized 4,035 kg of gold in 2014-15, 2,976 kg in 2015-16 and 854.39 kg between April-October of current fiscal.

In the seven month period, 246 kg gold coming from Myanmar was seized by Customs, followed by UAE (151 kg), Thailand (125.99 kg), Bangladesh (54 Kg) and China (50 Kg).

The Directorate of Revenue Intelligence (DRI) of CBEC is keeping a strict vigil in sensitive areas at airports/borders, and flights from sensitive sectors are being scrutinised, Meghwal said.

“On detection of cases, strict action is taken by way of imposing deterrent fine and penalty as per relevant provisions of law,” he said in a written reply in the Lok Sabha.

PTI
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