Kochi: Customs officials at international airports are struggling to catch up with the ever-changing modus operandi of gold smugglers who have gone on an overdrive following the hike in import duty on gold to 10 per cent.
Smugglers have become “very smart,” employing new communications technologies for their activities, a senior Customs official pointed out. New technologies also offered the smugglers a range of new possibilities for concealing the contraband.
There has been a spurt in gold smuggling in Kerala’s three international airports after the government increased the import duty on gold. Dubai, a major global gold trading centre, is the main source of gold smuggled into India.
Low prices, lack of any restrictions on gold purchase and easy air connectivity to Indian destinations made Dubai the favoured city of smugglers.
13/11/13 Business Line
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Smugglers have become “very smart,” employing new communications technologies for their activities, a senior Customs official pointed out. New technologies also offered the smugglers a range of new possibilities for concealing the contraband.
There has been a spurt in gold smuggling in Kerala’s three international airports after the government increased the import duty on gold. Dubai, a major global gold trading centre, is the main source of gold smuggled into India.
Low prices, lack of any restrictions on gold purchase and easy air connectivity to Indian destinations made Dubai the favoured city of smugglers.
13/11/13 Business Line
