India’s domestically held Gold reserve surges 40% in last 5 years: RBI data
Gold reserves held domestically in India surged 40 per cent in the last 5 years, data from the Reserve Bank of India (RBI) said.
The Customs officials at Rajiv Gandhi International Airport in Hyderabad have apprehended a man for allegedly attempting to smuggle in gold valued at Rs 1.18 crore by concealing it in his underwear, an official said on Sunday.
The Customs officials at Rajiv Gandhi International Airport in Hyderabad have apprehended a man for allegedly attempting to smuggle in gold valued at Rs 1.18 crore by concealing it in his underwear, an official said on Sunday.
According to a senior Customs official, the individual was detained on Saturday, on the basis of specific intelligence input.
“The accused had arrived in Hyderabad from Dubai. Gold in paste form was discovered concealed in the passenger’s underwear,” the official said.
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The official further mentioned that the accused had committed an offence punishable under Sections 132 and 135 of the Customs Act.
The passenger was arrested under Section 104 of the Customs Act, and the gold recovered from the passenger was seized under Section 110 of the Customs Act.
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