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21 Mar 2018, Edition - 981, Wednesday


  • J&K: 2 cops and 2 Army jawans martyred in Kupwara encounter; 4-5 terrorists still holed up
  • Sensex closed 139.42 points or 0.42% higher at 33,136.18 after rising as much as 350 points during intraday high
  • Both telcos are locked in a fierce battle for subscribers and need to invest in expanding their 4G network
  • The ₹ 6 Lakh reward will be part of the revised ‘Rehabilitation Policy for Militants
  • 15-year-old girl student commits suicide at her home on Tuesday by hanging herself from a ceiling fan
  • Maharashtra: 5 men linked to ISIS terror outfit arrested by ATS; plot to target Bodhgaya foiled.
  • DMK’s Stalin writes to CMs of 10 states, demanding fiscal autonomy for states
  • Former Maharashtra CM Sushilkumar Shinde speaks on Congress’ U-turn on Lingayats
  • Disruption in Lok Sabha leads to the house being adjourned for the day
  • Ceasefire violations at an all-time high as Pak has violated ceasefire 600 times in nearly 2 months


Customs gold seizure worth Rs 3.76 cr this fiscal

Covai Post Network

Central Excise and Customs has seized 12.34 kg gold worth Rs 3.76 crore during this financial year, a top official in the GST Commissionerate said today

GST Commissioner (Audit) NJ Kumaresh told mediapersons about the novel method of smugglers and carriers, like the case yesterday, where 816 gm of gold in the size of match sticks was hidden in the handles of five kitchen knives. The department was able to trace the gold through modern scanner and other equipment, he added.

With the seizure of gold ‘sticks’ valued about Rs 25 lakh, the total seizure from April till yesterday amounted to Rs 3.76 crore, he said.The seizure during 2015-16 and 2016-17 was abysmally low at 1.89 kg and 1.87 kg worth Rs 50 lakh and Rs 56 lakh, respectively, he added.

Kumaresh attributed the lower seizure to shift in destinations or alert on intensified checking at the city airport, as the gold being smuggled through Coimbatore was mainly meant for customers in Kozhiode or Kannur in Kerala. The carriers might have alighted at these destinations, he said.The figure was higher at Rs 3.37 crore (12.43 kg) in 2014-15.