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: due date for vat payment :: Central Excise rule to resale the machines to a new company :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: ACCOUNTING STANDARD :: cpt :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: VAT Audit :: form 3cd
 
 
Customs and Excise »
 Ensure transparency in excise department working: Bizmen to government
 It is time to review the customs duty on essential food imports
 Migration to GST of existing Central Excise / Service Tax Assessees
 Rate of exchange of conversion of the foreign currency with effect from 3rd February, 2017
 Budgetary Changes In Customs
 Customs and excise officials upset with GST administration deal with states
 Higher petro excise props up govt tax kitty
 Seeks to further amend notification No. 02/2011-Central Excise dated 1st March, 2011.
  Rate of exchange of conversion of the foreign currency with effect from 21st October, 2016
 Rate of exchange of conversion of the foreign currency with effect from 21st October, 2016
 Seeks to amend Notification No. 27/2014-Central Excise

Customs seize Rs 61 lakh gold at IGI airport
May, 03rd 2014

Customs authorities at Indira Gandhi International (IGI) airport have apprehended two passengers with smuggled gold worth Rs 61 lakh. The passengers were coming to Delhi from Abu Dhabi and were caught with gold bars weighing a total of 2.32 kg while trying to pass through the green channel.

According to customs, on April 30 customs sleuths while keeping surveillance spotted two passengers coming from Abu Dhabi to Delhi while they were crossing the green channel. In a routine procedure, their baggage was checked which did not reveal anything amiss.

However, when their body was searched sleuths found 19 gold bars and one gold chain hidden in different pockets of their clothes. The items were seized under section 110 of the customs act.

Ever since government raised customs duty on gold import from 2% to 10%, gold smuggling has seen exponential rise. In the last financial year (2013-14) authorities across the country seized gold worth over Rs 565 crore. This was a five-fold increase over figures of previous financial year.

Sources said the seizures are actually tip of the iceberg and actually smuggling is over 10-20 times higher.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Achievements

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