SEIZURES HAVE INCREASED; SO HAVE SMUGGLING METHODS
THE WEEK India|March 10, 2024
The Central Board of Indirect Taxes and Customs (CBIC) is the apex body under Union finance ministry for formulating policies and collecting customs and central excise duties and indirect taxes in India.
- NAMRATA BIJI AHUJA
SEIZURES HAVE INCREASED; SO HAVE SMUGGLING METHODS

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?

この蚘事は THE WEEK India の March 10, 2024 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

この蚘事は THE WEEK India の March 10, 2024 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

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