Gold smuggling on the rise at Calcutta airport

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Gold smuggling on the rise at Calcutta airport

Gold smuggling through the Calicut International Airport has increased in the last few months following an all-time rise in the price of the yellow metal recently.

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Despite the Air Intelligence Unit of the Customs Department increasing the drive against smuggling, the number of cases has gone up. If the number of cases were 78 in 2017 and the quantity of gold seized was 51.849 kg, it made a quantum jump to 529 cases in 2018, with the quantity of gold seized at 158.76 kg. This year too, smuggling has not declined due to the high import duty on gold.

The number of cases registered till June 30 was 232 and the quantity seized was 106.79 kg.

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