India beefs up customs to slow smuggling

In a bid to cut down on the rampant gold smuggling, customs formalities at Indian airports have been beefed up. Beginning January 1, all passengers arriving at the country’s 19 international airports have to fill out a new, detailed customs form that asks them to specifically declare prohibited goods and dutiable items, including gold jewellery, gold bullion and Indian currency exceeding the permitted limit.

The aim is to help authorities check duty frauds and cases of under valuation as well as keep a record of the gold jewellery and bullion being brought into the country.

Full report here Mineweb


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