Mumbai: Gold seizure by Customs at the Mumbai international airport has increased by over 300 per cent this fiscal till February compared to same period last year.
"During the last fiscal we had seized 272 kilograms of gold till February 2014, but this year we have seized 856 kilograms of gold," Milind Lanjewar, Additional Commissioner of Customs told PTI.
Lanjewar attributed this surge in the seizure to the rise in duty and other levies on gold.
Meanwhile, the Air Intelligence Unit (AIU) of the Mumbai Customs seized around five kilograms of gold in the operation carried in the intervening night of Thursday and Friday at the Chatrapatti Shivaji International Airport here.
06/05/15 PTI/Economic Times
"During the last fiscal we had seized 272 kilograms of gold till February 2014, but this year we have seized 856 kilograms of gold," Milind Lanjewar, Additional Commissioner of Customs told PTI.
Lanjewar attributed this surge in the seizure to the rise in duty and other levies on gold.
Meanwhile, the Air Intelligence Unit (AIU) of the Mumbai Customs seized around five kilograms of gold in the operation carried in the intervening night of Thursday and Friday at the Chatrapatti Shivaji International Airport here.
06/05/15 PTI/Economic Times
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