sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
General »
 How income tax slabs have changed since Independence
 Budget 2019: This Budget could have some surprises in store
 Income Tax return processing time to reduce from 63 days to just 1 day
 Govt eases norms for start-ups seeking exemptions from 'angel tax'
 Maximise tax savings using health insurance for yourself and family
 FinMin considers steps to prevent composition dealers from charging GST from buyers
 Do-it-yourself online filers may need to ask for some help this tax season
 Do we need composition scheme in GST for real estate?
 Here's how you can claim tax benefit on a top-up home loan
 Year-end tax tips to get you ahead of the season
 Manual filing allowed for tax cut at lower/nil rate

Iridium smuggling on the rise, Customs notice to airports
November, 30th 2011

Iridium powder, an expensive metal used for increasing the weight of gold, seems to have become the most preferred article to be smuggled into the country from Hong Kong.

Taking the increase in iridium smuggling cases into consideration, the Customs department has sent an internal notice to airports across the country, asking officials to look out for people trying to smuggle the contraband into the country.

On December 12, a passenger from Hong Kong was arrested for smuggling iridium powder worth Rs 17 lakh by Customs officials at Terminal 3 of the Indira Gandhi International Airport.

Though iridium is also a rare metal, it is cheaper than gold. It is used by jewellers to make gold and platinum ornaments heavier, a senior Customs official said.

Gurmeet Singh Bhatti, who holds a Chinese passport, arrived in the Capital on Cathy Pacific flight CX-695 from Hong Kong. Based on a tip-off, Air Customs caught him at the exit gate of the Green Channel.

Upon conducting a body search of the passenger, Customs officers found 1,075 grams of iridium powder concealed inside his socks, the official said.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Desktop Application Development Outsourcing Desktop Application Development Offshore Desk

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions