Woman among 8 held for smuggling gold, goods worth crores at Delhi airport.
New Delhi, Sep 9 (PTI) Eight people including a woman were arrested at Delhi airport last week for their alleged involvement in separate incidents of smuggling gold and other items worth crores of rupees, Customs officials said on Monday.
In the first incident, two Indians landed in the net upon their arrival from the UAE for allegedly smuggling gold bars worth over Rs 24 lakh, they said.
The two were intercepted by Customs officials after they had crossed the Green Channel post their arrival at the Terminal-3 of the Indira Gandhi International Airport from Abu Dhabi by an Etihad Airways flight.
A personal and baggage search of the passengers resulted in recovery of five gold bars and one cut piece of gold bar, weighing 676 gms having a tariff value of Rs 24,18,786, the officials said.
The gold has been seized and the two passengers arrested under relevant provisions of the Customs Act, they said.
During questioning, they admitted to have smuggled out Saudi Riyal 53,000 and USD 50,000 in their previous visits, they said.
Lear MoreAnti-Counterfeit Packaging Market To Reach USD 248.90 Billion By 2026.
Anti-Counterfeit Packaging Market Size – USD 111.70 Billion in 2018, Market Growth – CAGR of 10.4%, Anti-Counterfeit Packaging Industry Trends – High demand from the pharmaceutical industry.
The rising focus of manufacturers on brand protection to lower the counterfeit is driving the market for the anti-counterfeit packaging market.
The global anti-counterfeit packaging market is forecast to reach USD 248.90 Billion by 2026, according to a new report by Reports and Data. The rise in globalization has increased the level of counterfeit across the globe. Counterfeit goods include jewelry, electronic equipment, clothing, medications, and cigarettes, among others. Secure packaging is witnessing a high demand to avoid counterfeit products.
Anti-counterfeiting packaging is the action of assigning secure packaging to the product to minimize counterfeiting and infringement. The market for counterfeit products is growing across the globe, and manufacturers are working harder to combat this threat. Counterfeiting is a significant threat in many market sectors. The pharmaceutical industry is the most at risk because of the proliferation of dangerous and illegal substance used in counterfeit drugs.
Companies are adopting anti-counterfeiting packaging to prevent imitation and confirm the safety of the goods. Moreover, counterfeiting leads to reduced profitability and loss in brand value for the affected company.
Lear MoreAnti-Counterfeit Packaging Market To Reach USD 248.90 Billion By 2026.
Anti-Counterfeit Packaging Market Size – USD 111.70 Billion in 2018, Market Growth – CAGR of 10.4%, Anti-Counterfeit Packaging Industry Trends – High demand from the pharmaceutical industry.
The rising focus of manufacturers on brand protection to lower the counterfeit is driving the market for the anti-counterfeit packaging market.
The global anti-counterfeit packaging market is forecast to reach USD 248.90 Billion by 2026, according to a new report by Reports and Data. The rise in globalization has increased the level of counterfeit across the globe. Counterfeit goods include jewelry, electronic equipment, clothing, medications, and cigarettes, among others. Secure packaging is witnessing a high demand to avoid counterfeit products.
Anti-counterfeiting packaging is the action of assigning secure packaging to the product to minimize counterfeiting and infringement. The market for counterfeit products is growing across the globe, and manufacturers are working harder to combat this threat. Counterfeiting is a significant threat in many market sectors. The pharmaceutical industry is the most at risk because of the proliferation of dangerous and illegal substance used in counterfeit drugs.
Companies are adopting anti-counterfeiting packaging to prevent imitation and confirm the safety of the goods. Moreover, counterfeiting leads to reduced profitability and loss in brand value for the affected company.
North America held the largest share of 31.4% in 2018 in the anti-counterfeit packaging market. High demand from healthcare products, electronics, food and beverages, and cosmetics, is driving the growth of this market. Awareness among consumers is quickly leading to an increase in demand for transparency, which is boosting the traceability of these products. In order to cater to the rising demand, manufacturers are coming up with innovative technologies in equipment with specific functionalities for efficient identification and tracking of products.
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Pharmaceuticals and Food Anti-Counterfeiting Technologies Market 2019: Worldwide Industry Details by Top Manufacture, Price, Raw Materials, Supply-Demand, Recent Trends, Share, Development Trend and End User Analysis, Outlook for 2022
Global Pharmaceuticals and Food Anti-Counterfeiting Technologies Market 2019 research report presents you an in-depth analysis of market size, share, growth, trends, cost structure, CAGR, statistical and comprehensive data of the global market.
Global “Pharmaceuticals and Food Anti-Counterfeiting Technologies Market” gives exceptional analysis of industry over the time period of 2019-2022. The analysis states all the factors affecting the growth of the Pharmaceuticals and Food Anti-Counterfeiting Technologies market, highlighting the industry peers, growth, latest trends, market size, current and future growth analysis with up to date information.
Global Pharmaceuticals and Food Anti-Counterfeiting Technologies Industry 2019 Market Research Report is spread across122pages and provides exclusive vital statistics, data, information, trends and competitive landscape details in this niche sector. Likely, the report also focuses on global major manufacturers of Pharmaceuticals and Food Anti-Counterfeiting Technologies market providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out.
Lear MorePharmaceuticals and Food Anti-Counterfeiting Technologies Market 2019: Worldwide Industry Details by Top Manufacture, Price, Raw Materials, Supply-Demand, Recent Trends, Share, Development Trend and End User Analysis, Outlook for 2022
Global Pharmaceuticals and Food Anti-Counterfeiting Technologies Market 2019 research report presents you an in-depth analysis of market size, share, growth, trends, cost structure, CAGR, statistical and comprehensive data of the global market.
Global “Pharmaceuticals and Food Anti-Counterfeiting Technologies Market” gives exceptional analysis of industry over the time period of 2019-2022. The analysis states all the factors affecting the growth of the Pharmaceuticals and Food Anti-Counterfeiting Technologies market, highlighting the industry peers, growth, latest trends, market size, current and future growth analysis with up to date information.
Global Pharmaceuticals and Food Anti-Counterfeiting Technologies Industry 2019 Market Research Report is spread across122pages and provides exclusive vital statistics, data, information, trends and competitive landscape details in this niche sector. Likely, the report also focuses on global major manufacturers of Pharmaceuticals and Food Anti-Counterfeiting Technologies market providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out.
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Chennai: Gold worth Rs 52.5 lakh seized by customs.
Chennai: Customs officials at the Chennai international airport on Saturday detected three cases of gold smuggling, and one case of smuggling of saffron, cigarettes and mobile phones and watches worth Rs 52.5 lakh.
Officials said on Saturday morning that AIU officials intercepted Rawther Naina (25) and Pakkeer Mohamed (25) from Ramanathapuram, who had arrived from Singapore by Air India Express flight. Later in the day, Mohamed Abdul (25) also from Ramanathapuram, who had arrived from Dubai via Colombo by a Sri Lankan Airlines flight was intercepted on suspicion of carrying gold on their person.
On intense questioning, all three admitted to having concealed gold in the form of rubbery material in their rectum. As many as 937 grams of gold valued at Rs 36.51 lakh were recovered and seized under the provisions of Customs Act 1962.
In another case, Zakir Hussain (24) of Sivaganga, who arrived from Dubai via Colombo by a Sri Lankan Airlines flight was intercepted. As he appeared to be nervous, the examination of his checked-in baggage was carried out.
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NFR’s STF team seizes foreign origin cigarettes worth Rs 5.5 lakh.
A Special Task Force (STF) of Commercial Department of Northeast Frontier Railway (NFR) recovered foreign origin cigarettes worth Rs. 5.5 lakh being transported illegally in an express train at Guwahati Railway Station recently.
The train from which the smuggled foreign-made cigarettes were recovered was 15646 Guwahati-Lokmanya Tilak Terminas Express.
Acting on specific information, the STF team led by assistant commercial manager D.J. Barman, conducted search in the train at Guwahati Railway Station leading to recovery of the contraband items, informed NFR chief public relations officer Pranav Jyoti Sharma.
“The team apprehended five persons for trying to transport the goods with false declaration in the Parcel Way Bill,” Sharma informed on Tuesday.
Commercial department had for the first time in Northeast Frontier Railway formed the Special Task Force (STF) on August 13, 2019 as a part of a special initiative for clean and transparent working.
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Foreign brand cigarettes seized from Delhi-bound Rajdhani Express.
PATNA: Joint teams of Directorate of Revenue Intelligence (DRI) and Railway Protection Force on Monday night seized a huge consignment of foreign brand cigarettes from Delhi-bound Rajdhani Express at Patliputra junction.
Acting on a tip-off, the joint team raided the SLR van of the express train (12423 Dibrugarh-NDLS Rajdhani express).
Inspector General of RPF Ravindra Verma said, “On receiving a memo from the regional unit of DRI, officers of RPF post recovered 10 packages containing cigarettes from a Paris-based company, the estimated value of which is Rs 37,50,000. The DRI officials will take further legal action.”
The consignment was smuggled from Myanmar to New Delhi through an active racket.
Earlier this year in January, foreign-brand cigarettes of estimated market value of Rs 36 lakh was seized at the same Patliputra junction.
Lear MorePossible terror subtext in recent Gujarat drug busts
Rising pressure on drug traffickers to push surplus opium production in Afganistan — processed into heroin in Pakistan — via sea route.
At least two seizures of heroin — 100 and 200 kg each — since the beginning of this year and a few smaller tranches later have put the security agencies on high alert in Gujarat. The estimated market price of 300 kg of heroin could be anything between Rs 1,200 crore and Rs 1500 crore
While the 1600-km long coastline of Gujarat had always been exploited by the smugglers in the past, the current haul indicates a more sinister geopolitical development, that has not only prompted the state anti-terror apparatus and the Indian Coast Guard (ICG) to move in, but ET has reliably learnt it has attracted the attention of the US investigative agencies as well.
A senior official in one of the agencies now monitoring the developments maintained on the condition of anonymity that with huge surplus production of opium in Afganistan, which is processed into heroin in Pakistan, there is a growing pressure on the narco traders to increase their supply through the sea route.
“While LoC remains too hot for such adventures, the vigil along the international border in Punjab and Rajasthan has also been heightened, leaving the sea route as the preferred zone for the smugglers,” said the official. He also said that with the Combined Task Force-150 (a multinational coalition of naval task force) maintaining a strong vigil over the Strait of Hormuz, Gujarat coast becomes an obvious choice for the Af-Pak narco-traffickers.
In the backdrop of US President Donald Trump’s plan to withdraw troops from Afganistan coupled with Pakistan’s enhanced belligerence over Kashmir, observers feel that the traffic would only increase in the days to come as the narco-economy is the principal feeder for terror groups operating in the Af-Pak region.
The use of Gujarat coastline as part of the transit route for the contraband has also raised concern among the agencies because if the terror network is being rebuilt, it can be exploited to push in arms and explosives into the country.
Lear MoreFake spare parts’ growth beats auto sales.
CHENNAI: The Rs 22,000-crore counterfeit auto parts industry — growing faster than car and bike sales, and which doubled in the last five years — is giving headaches to original equipment manufacturers (OEMs). They are now hoping that the draft rules to eradicate spurious spares, which were notified in July, will get operational soon.
According to the Authentication Solution Providers’ Association (ASPA), the overall counterfeit product industry in India is worth Rs 1 lakh crore, causing the government tax losses of Rs 40,000 crore. While fake products are common in agriculture (fertilisers and pesticides) or even FMCG, they are life-threatening in the automotive and pharmaceutical industry, said ASPA president Nakul Pasricha.
“Counterfeiting is a huge problem in the auto parts after-market segment,” said Pasricha. “The total auto after-market in 2018-19 grew by 9.6% to Rs 67,491 crore ($10 billion) from Rs 61,601 crore ($9 billion) in the previous fiscal. Counterfeit auto components account for 30-40% of the overall after-market for components in retail outlets.”
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