- Market ends with marginal cuts this week; FMCG gains, Consumer Durables decline—What should investors do on Monday?
- Investors with short term view must book profits now; import duty hike, rupee weakness may arrest price correction, temporarily
- Virtual Digital Assets: VDAs to attract 1% TDS from today; know what CBDT says about new norms
- Maruti Suzuki, Ashok Leyland: What makes brokerages bullish on these auto stocks?
- Monsoon session of Parliament to begin on July 18; to end on August 12
Smuggling gold through UP to cost passport
If caught smuggling gold at an international airport in Uttar Pradesh (Lucknow and Varanasi), the accused will now lose their passports, according to the Customs Department.
If caught smuggling gold at an international airport in Uttar Pradesh (Lucknow and Varanasi), the accused will now lose their passports, according to the Customs Department. The department is coordinating with the UP Passport Office for such an action to curb growing smuggling of gold at Lucknow and Varanasi international airports.
The move initiated by the Customs will allow the passport office to issue show-cause notices to the alleged smuggler and later cancel passports if the reply is found unsatisfactory, top Customs officers told IANS. According to the Commissioner Customs (Preventive) Lucknow, V.P. Shukla, the decision to cancel passports was taken after the department observed that most of the smugglers are turning into habitual offenders in the absence of strict legal provisions.
"These accused would easily find ways to escape law. So, we took the measure to create fear in the minds of the smugglers," Shukla told IANS. He said his department would identify the accused and based on the inputs, the UP Passport Office will issue show-cause notices.
The accused would be given time to reply to the notice, and if it is not found satisfactory, the person`s passport would then be cancelled immediately. "We will identify repeat offenders or anyone who is found to be carrying more than the value of gold. The person will face action on two fronts: one in the court and another by the passport office," said Niharika Lakhra, the customs` Deputy Commissioner.
In 2018-19 the UP customs wing recorded 46 cases of smuggling where the seizure was worth Rs 9.30 crore. In 2017-18, there were 50 such cases with seizure value of Rs 5.21 crore. The seizure during 2018-19 included around 20 kgs of gold valued at Rs 6.42 crore, foreign currencies worth Rs 1.74 crore.
The customs also arrested 16 persons during 2018-19 as against 13 arrests in the year 2017-18. According to officials in UP customs the number of arrests has gone up to 22 this year.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.