Wednesday, October 07, 2020

Gold seizure: Customs officials quiz seven merchants in Hyderabad

Hyderabad: Customs officials, investigating the suspected illegal transfer of bullion, gold ornaments and diamonds via domestic air cargo, have started questioning seven merchants in the city and Vijayawada. While customs is looking at foreign gold angle, GST and IT sleuths are investigating the tax evasion issue.

Acting on specific information on October 3, customs officials went to domestic inbound section of Air Cargo complex to verify foreign marked gold being sent from Hyderabad to Mumbai and Jaipur by an Indigo airlines flight.

They verified the airway bills of the flight and found that VBS Parcel, Hyderabad, was sending gold jewellery through Pawan Cargo Forwarders Pvt Ltd in six packages to Bharathlal Gurjar & Surgyan Saini of Mumbai and a package to Shri Kamal Kishore Tetrawal/Sunil Kumar of Jaipur.

Customs officials then scanned packages and found bullion along with jewellery. On opening the packages, customs officials found gold bars weighing 2.37 kilos, gold ornaments weighing 5.63 kilos, 814 carat loose diamonds and 512 carat loose uncut diamonds, antique coins, gems, two stainless steel watches and a pair of platinum tops, all worth Rs 6.62 crore. The courier agencies have given details of seven merchants in Hyderabad and Vijayawada as the senders of the packages.

07/10/20 Mahesh Buddi/Times of India

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