Every year for the past few years, the CBIC has been interdicting smuggling cases in the range of 17,000 crore to 22,000 crore. Apart from these are cases of export-import fraud involving evasion of Customs duties.
In the 2023-24 fiscal year (up to November 2023), as many as 4,040 cases of gold smuggling involving 2,984kg of the precious metal were registered. Former CBIC chairman Vivek Johri says illicit trade and smuggling not just adversely impact the economy, but threaten national security as well.
Excerpts from an exclusive interview:
Q/ There seems to have been a rise in gold smuggling. How worrisome is the trend?
A/ The number of seizures have increased in recent years. We have seen a variety of methods being deployed—body concealment, and attempts to smuggle gold as powder, paste and foil. After many years, seizures of gold have also been made near the coastline, pointing to the possibility of sea routes being used. The alertness of Indian law enforcement agencies has compelled gold smuggling syndicates to adopt new methods and strategies. Increased surveillance at international airports has forced a change of route from West Asia by air to land route—that is, through the land borders in the northeast.
Q/ There is a debate on whether the rise in gold import duty leads to more smuggling. Is there a pattern?
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A golden girl
One of India's most formidable beauties passed away earlier this month. The odd thing is she would absolutely hate this obituary; she hated being written about and avoided publicity for all of her nine decades. Indira Aswani was 93 when she died. But anyone who encountered her, even briefly, was in such awe of her grace and poise, and one could not but remember her forever.
The interest in wine is growing delightfully in India
The renowned British wine writer and television presenter Jancis Robinson, 74, recently came to Delhi and Mumbai to reacquaint herself with India's wine industry. This was the Robinson's fourth visit to India; the last one was seven years ago. On this trip, Robinson and her husband, restaurateur Nicholas Lander, were hosted by the Taj Hotels and Sonal Holland, India's only Master of Wine.
United in the states
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COVER DRIVE
Usage-driven motor insurance policies offer several benefits
GDP as the only measure of progress is illogical
Dasho Karma Ura, one of the world's leading happiness experts, has guided Bhutan's unique gross national happiness (GNH) project. He uses empirical data to show that money cannot buy happiness in all circumstances, rather it is family and health that have the strongest positive effect on happiness. Excerpts from an interview:
India is not a controlling big brother
Prime Minister Tshering Tobgay considers India a benevolent elder sibling as the \"big brotherly attitude\" is happily missing from bilateral ties. He thinks the relationship shared by the two countries has become a model of friendship not just for the region, but for the entire world. \"India's attitude is definitely not of a big brother who is controlling and does not allow the little brother to blossom and grow,\" says Tobgay in an exclusive interview with THE WEEK.
Comrade with no foes
Lal Salaam, Comrade Yechury-you were quite a guy!
Pinning down saffron
In her first political bout, Vinesh Phogat rides on the anti-BJP sentiment across Haryana
MAKE IN MANIPUR
Home-made rockets and weapons from across the border are escalating the conflict
SAHEB LOSES STEAM
Coalition dynamics and poor electoral prospects continue to diminish Ajit Pawar's political stock
