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Gold April 04, 2019 01:30:21 PM

Gold Seized at Indian Airports Spiked Four-Fold

Paul Ploumis
ScrapMonster Author
The total number of cases registered for gold smuggling through the State’s four international airports jumped higher significantly to 1,102 in 2018-’19.

Gold Seized at Indian Airports Spiked Four-Fold

SEATTLE (Scrap Monster):  The airports in the Southern Indian state of Kerala reported tremendous jump in gold seizures during the financial year 2018-’19, said the latest statistics published by the Customs Department.

The total number of cases registered for gold smuggling through the State’s four international airports jumped higher significantly to 1,102 in 2018-’19. This compares with 242 cases that were registered during 2017-’18. Year-on-year, the gold smuggling cases have skyrocketed by 455%. The quantity of seized gold also reported phenomenal jump from 103.6 kg in the prior fiscal to 417.5 kg during 2018-’19, registering a jump of over 400%. The value of gold seized from airports surged higher from INR 28.99 crore to INR 122.85 year-on-year.

Among the four international airports, Kozhikode airport recorded the highest number of gold smuggling cases. The reported cases totaled 530, followed by Cochin with 464 cases and Thiruvananthapuram with 103 cases. The recently opened Kannur International Airport reported five cases. Nearly 199.08 kg of gold was seized from Kozhikode Airport, whereas the gold seizure from Cochin airport totaled nearly 167 kg.

According to Customs Commissioner Sumit Kumar, the seizures recorded notable jump, despite several barriers including manpower shortages and infrastructure shortcomings. He attributed the high rate of seizure to the determination and commitment of officers. With the installation of ultramodern scanner devices and deployment of more number of experienced officers, the Department expects the gold seizure incidents to rise further this financial year.

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