Latest Expert Exchange Queries
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) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: VAT RATES :: articles on VAT and GST in India :: VAT Audit :: TDS :: list of goods taxed at 4% :: empanelment
 
 
« General »
 What the increase in tax collections does not tell us about Indian economy post demonetisation
 India’s crazy retrospective tax on foreign funds will tarnish country’s reputation
 How tax related, PAN grievances can be resolved through E-Nivaran
 Tackling income tax exemptions for equities and agriculture
 Amfi wants tax benefits for retirement plans
 Top five factors which could chart market direction in the coming week
 Tax rate hikes boost shadow economy
 Tax mop-up may decline in new amnesty scheme
 Weeks before Budget, Finance Minister Arun Jaitley lists out benefit of low tax rates
 Second home loan tax benefits
 Alarm bells over return of tax inspector raj

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 2017 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