Ministry of Finance
DRI seizes around 6.2 kg foreign-origin gold; busts sophisticated gold smuggling modus operandi through unaccompanied baggage; three arrested
PrelimsMainsGS3EconomySecurity
Source-grounded summary
The Directorate of Revenue Intelligence (DRI) intercepted an unaccompanied baggage consignment at the Air Cargo Complex in Trivandrum, seizing approximately 6.28 kg of foreign-origin gold valued at Rs. 9.18 crore. The operation uncovered a sophisticated smuggling modus operandi where gold was concealed inside hardware items like a floor spring, metal locks, a grease gun, and a door closer within a trolley shipped from Dubai. The syndicate utilized a pre-decided number combination to access the items via a warehouse staff member, a mediator acting as a Customs Broker, and a receiver. Three individuals were apprehended and arrested under the provisions of the Customs Act, 1962.