Friday, December 13, 2013

Drop in gold smuggling thru Kochi

Kochi: There has been a steep increase in the inflow of gold from the Gulf region through the legal channel via Cochin International Airport this month, according to Customs officials.
While the gold imported through the legal channel during September this year was merely 3.26 kg, the smuggled gold seized from passengers during the same period was 20 kg.
On the other hand, the gold imported through the legal channel from December 1 to 11 was 61.64 kg, for which duty collected was Rs 1.61 crore.
13/12/13 Business Line
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