Significant reduction in gold smuggling post July import duty cut: CBIC Chief

Significant reduction in gold smuggling post July import duty cut: CBIC Chief https://www.taxtmi.com/news?id=33394 Decline in illicit gold imports followed the July 2024 reduction of import duty to 6 percent, while customs reported continued airport seizures and substantial annual seizures and arrests. Enforcement focuses on international passengers, commercial cargo and porous borders-notably eastern borders-where air routes, inventive concealment methods and evolving transit hubs in Middle Eastern, South East Asian, African and Central Asian airports sustain smuggling risks. en-us Sun, 09 Feb 2025 11:01:03 +0530 Sun, 09 Feb 2025 11:01:03 +0530 TaxTMI RSS Generator Significant reduction in gold smuggling post July import duty cut: CBIC Chief https://www.taxtmi.com/news?id=33394 Decline in illicit gold imports followed the July 2024 reduction of import duty to 6 percent, while customs reported continued airport seizures and substantial annual seizures and arrests. Enforcement focuses on international passengers, commercial cargo and porous borders-notably eastern borders-where air routes, inventive concealment methods and evolving transit hubs in Middle Eastern, South East Asian, African and Central Asian airports sustain smuggling risks. News - Sun, 09 Feb 2025 11:01:03 +0530 https://www.taxtmi.com/news?id=33394