Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Economic Times
The Economic Times

DRI, Customs officers to intensify vigil on gold smuggling post import duty hike

The revenue intelligence and customs officers are likely to intensify surveillance and step up vigil on international borders to check possible gold smuggling after the sharp hike in customs duty on the yellow metal to 15 per cent on Wednesday, officials said.

The tax officers will step up monitoring of land and coastal infiltration routes, domestic handlers acting as distribution nodes, organised carrier networks, and foreign national-based syndicates to deter syndicates from exploiting the gold market.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.