Friday, November 10, 2017

1,492 kg gold, 59 airports: Demonetisation kept CISF on toes

New Delhi: The highest instances of people trying to fly with gold in handbags was detected in Delhi in a year of demonetisation when the finance ministry had asked security agencies to keep a special watch on passengers with large quantities of precious metal or cash in their hand bags. In all, the Central Industrial Security Force (CISF) says it detected 1491.5 kg gold; 572.6 kg silver and Rs 87.2 crore in cash at various airports from November 8, 2016, (when demonetisation happened) to November 7, 2017. Delhi airport topped the list with 498.4 kg gold being detected, followed by 343 kg at Mumbai, 203.5 kg at Jaipur and 142 kg in Ahmedabad.
Maximum cash detection happened between November 8 and December 31, 2016, when the window of depositing the demonetised currency notes of Rs 500 and Rs 1,000 with banks was open. As much as Rs 71.5 crore of the Rs 87.2 crore cash detection happened in this window.
Mumbai airport topped the list of cash detection at Rs 33.3 crore, followed by Imphal at Rs 16.6 crore. Cash detected at Ahmedabad and Kolkata airports was Rs 7.3 crore, each, and this figure for Delhi was Rs 6.2 crore. Another northeastern town, Dimapur, figures high in this list at Rs 3.5 crore. "Acting on a Finmin advisory, CISF had issued directions to all 59 airports under its security cover to keep a watch on the movement of high volume of cash and gold in hand baggage and to inform air intelligence unit of Income Tax," CISF's assistant IG Hemendra Singh said.
10/11/17 Times of India