A Gold Smuggling Operation Uncovered by DRI: 14.2 Kg of Gold Seized
In a significant breakthrough, the Directorate of Revenue Intelligence (DRI) has uncovered a major gold smuggling operation at Bengaluru Airport. This operation led to the seizure of 14.2 kg of foreign gold, with a staggering market value of ₹12.56 crore. Additionally, the DRI has managed to confiscate assets valued at ₹4.73 crore, bringing the total estimated worth of this bust to an impressive ₹17.29 crore.
The Operation: A Closer Look
The DRI, known for its vigilance in combating smuggling activities, acted on intelligence inputs that pointed towards a well-organized gold smuggling racket operating through the airport. The seized gold is believed to have been smuggled from foreign countries, evading customs duties and regulations that are crucial for national revenue.
Impact on the Economy
This operation not only highlights the ongoing challenges faced by customs authorities in India but also underscores the importance of stringent measures to curb smuggling. Gold smuggling has significant implications for the Indian economy, affecting both the domestic market and government revenues.
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Conclusion
The successful bust of this gold smuggling operation by the DRI serves as a reminder of the persistent fight against smuggling in India. With ongoing efforts from authorities and informed citizens, we can contribute to a more transparent and lawful economy.
