Indian passenger arrested at Kerala airport with 3kg of gold

Emirates 24/7, 04-03-2013 19:02:42

Write Comment     |     E-Mail To a Friend     |     Facebook     |     Twitter     |     Print

Passenger had concealed gold bars in a DVD player and an audio system

An Indian passenger arriving at Karipur International Airport near Kozhikode in Kerala has been nabbed by the Air Customs Department for carrying three kilogrammes of gold by hiding it and not disclosing it to the customs authorities.

Sources said the passenger came from Dubai by an Air India Express flight and was nabbed by customs officials after a tip-off.

The passenger, KS, had concealed gold bars in a DVD player and an audio system.

Due to a hike in import duty on gold in India, there is now a considerable price difference between Indian and overseas gold prices, tempting people to carry more gold than permitted by law.

One kilogramme of gold can be imported by anyone who has stayed abroad for six months by paying 10 per cent customs duty and an education tax of three per cent. In the latest Indian budget, the maximum value of gold ornaments that a man can wear while coming to India was increased to Rs50,000 and to Rs100,000 for a female passenger.

The gold price in Dubai was Dh177.25 (Rs2,648) per gramme on Monday compared to Rs2,800 in India.

“So carrying three kilogrammes of gold without announcing it to the customs officials could have helped the passenger make a handsome profit,” said a jeweller in Dubai.

Gold smuggling was not profitable earlier when theprice difference between India and abroad was only marginal, but with new efforts by the Indian government to curb gold imports, the price difference is widening, tempting people to carry gold without declaring at the airport to the customs authorities.

Write your Comments on this Article
Your Name
Native Place / Place of Residence
Your E-mail
Your Comment   You have characters left.
Security Validation
Enter the characters in the image above
Disclaimer: Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. will not be responsible for any defamatory message posted under this article.
Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on to provide the IP address and other details of senders of such comments, to the authority concerned upon request. Hence, sending offensive comments using will be purely at your own risk, and in no way will be held responsible.
Similarly, reserves the right to edit / block / delete the messages without notice any content received from readers.

View More

Now Open - Kallianpura Rotary Dialysis Center at Goretti Hospital, Santhekatte.Now Open - Kallianpura Rotary Dialysis Center at Goretti Hospital, Santhekatte.
Computerised Clinical Laboratory, Kemmannu.Computerised Clinical Laboratory, Kemmannu.
Milarchi Lara - Bulletin Issue July 2020.Milarchi Lara - Bulletin Issue July 2020.
Cut down your medical expenses. With Manipal Arogya CardCut down your medical expenses. With Manipal Arogya Card
Choice Furniture vast household showroom opens at Santhekatte, KallianpurChoice Furniture vast household showroom opens at Santhekatte, Kallianpur
Focus Studio, Near Hotel Kidiyoor, UdupiFocus Studio, Near Hotel Kidiyoor, Udupi
Canara Beach Restaurant, Hoode/Bengre, Udupi.Canara Beach Restaurant, Hoode/Bengre, Udupi.
Delite Catering, SanthekatteDelite Catering, Santhekatte
Welcome to Thonse Naturecure HospitalWelcome to Thonse Naturecure Hospital
St. Alphonsa of India