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25 May 2018, Edition - 1046, Friday

FLASH NEWS:

  • This will be the prime minister’s first official visit to Indonesia and his second official visit to Singapore
  • The Sunanda Pushkar death case has been transferred to the Additional Chief Metropolitan Magistrate
  • JUST IN: Sunanda Pushkar’s murder case adjourned to 28th May
  • 3 days later, Tamil Nadu CM EPS surfaces, shocking: CM won’t condemn police firing, not a word for the Tuticorin victims
  • Thirteen people were killed in the police firing in the two days of clashes
  • Biennial elections to Maha Legislative Council results: BJP wins 2 seats, NCP 1
  • Power supply of sterlite plant disconnected, T.N govt disconnects power supply, cut due to non compliance of rules
  • Extortion threats to 12 U.P MLAs, demand: Pay up Rs 12 lakh each, Intel agencies begin probe

Coimbatore

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.