Gold worth Rs 89.59L seized from Indian flier.
Two gold bars and two pieces of gold valued at Rs 89.59 lakh were seized from an Indian passenger by customs officials at Mumbai international airport, officials said on Sunday.
According to officials of the Air Intelligence Unit (AIU), an Indian passenger identified as Naveen was intercepted on arrival from Dubai around 2.45 am on Saturday on receipt of specific inputs that he was smuggling in gold bars. After sustained questioning, Naveen admitted he had brought some gold bars hidden in Jet Airways flight 9W 543, which arrived from Dubai.
“We searched the aircraft and found two gold bars weighing 1kg each, and two cut pieces of gold strapped to the metal frame under his seat in the aircraft. They weighed 3,000 grams in total, and were valued at Rs 89.59 lakh,” a senior AIU official said.
Lear More4 Arrested At Chennai Airport With Gold Worth 30 Lakh In Rectum.
Four people have been arrested at the Chennai International Airport for trying to smuggle into the country 929 grams of gold worth Rs. 30 lakh concealed in their rectum, a customs department official said Sunday.
Muthuraman Poominadhan, 21, Sahul Hameed, 42, Mujib Rahman, 50, Kalandar Abbas, 27, all Indian passport holders, were intercepted upon their arrival from Colombo on Saturday night, the official said.
“During interrogation, the accused admitted to have concealed the gold in their rectums. Four 24-karat gold ingots weighing 929 grams, were seized from them,” he said, their passports were confiscated and further investigation was underway.
In another case, a 50-year-old “repeat offender”, travelling from Dubai, was arrested on Sunday morning for attempting to smuggle in 580 grams of gold worth Rs. 19 lakh, another customs official said.
Lear More
Taxman impounds Rwf590m worth of smuggled products.
Smuggled products worth Rwf590 million were impounded in the 2017/18 fiscal year, Rwanda Revenue Authority (RRA) has said.
According to Faustin Niyigaba, the Acting Deputy Commissioner for Revenue Investigation and Enforcement department at RRA, the smuggled products included food, beverages, second hand clothes and illegal drugs among others.
He was speaking after RRA signed an agreement with Gicumbi district and three youth cooperatives to fight smuggling and drug dealing at the Rwanda-Uganda borders in the Northern Province.
The cooperatives comprise of some former drug dealers and smugglers.
They include Tujyembere Rubyiruko cooperative from Kaniga sector, Imbere Heze of Cyumba sector as well as Duterimbere Rubyiruko of Rushaki sector.
https://www.newtimes.co.rw/news/taxman-impounds-rwf590m-worth-smuggled-products
Lear More
Gold seizures double, raise fears of rise in smuggling.
Gold smuggling seems to be on the rise as seizures by the Customs Department has doubled in one year.
According to data compiled by the Directorate of Revenue Intelligence (DRI), the total quantity of gold seized by the Customs in 2017-18 was 3,223 kg valued at ₹974 crore, an increase of 103 per cent from 1,422 kg valued at ₹472 crore seized in 2016-17.
Unofficial estimates suggest that seizure forms any thing between 5 and 10 per cent of the total illegal trade. Considering this, smuggling of gold could be up to 30 tonnes during the last fiscal with a value of over ₹9,000 crore. The agency is taking all steps to check innovative ways of smuggling.
According to the publication ‘Smuggling in India Report 2017-18’ by DRI, a large part of the domestic gold market is being served by the illicit smuggling of gold. Majority of seizures made by the DRI has been those imported through India’s land borders in cities such as Kolkata, Mumbai, Chennai and Delhi, which are high consumption centres of smuggled gold.
Lear More
Three men suspected of smuggling 870,000 contraband cigarettes granted bail.
Three men suspected of smuggling some 870,000 contraband cigarettes, who were arrested by the police in the Fekruna area last month, have been granted bail.
James Azzopardi and James Spiteri both from Qormi and Redeemer Camilleri from Marsa stand accused of the importation and possession of smuggled contraband cigarettes, as well as tax and duty evasion.
Azzopardi alone is accused of possessing an unregistered boat and of breaching bail conditions imposed on him last July.
This afternoon, Inspector Mark Mercieca from the Drug Squad testified about the events leading up to the arrests on November 8 when police, acting on a tip-off, had started covert surveillance of a boat which Azzopardi kept at a private compound at Hal Farrug.
Lear More
$1.7 Million in Counterfeit Nike Sneakers Seized en Route to California.
U.S. Customs and Border Protection officers at the Port of Newark and New York seized more than 9,000 pairs of counterfeit Nike sneakers on their way to California. The shoes, if authentic, would have a manufacturer’s suggested retail price of $1,695,600.
The shipment was intercepted in September en route to an address in Chino, Calif., from Dongguan City, China, and CBP says that agents from Immigration and Customs Enforcement are continuing to investigate the case.
It won’t be the first time the agency is looking into Nike counterfeiters: In August, it charged five Queens, N.Y., residents with conspiring to traffic in more than $70 million worth of Air Jordans, charges that have a maximum prison sentence of 20 years each.
https://footwearnews.com/2018/focus/athletic-outdoor/nike-counterfeit-sneakers-seized-1202714529/
Lear MoreThree Arrested For Trying To Smuggle $80,000 From Kolkata Airport.
The Directorate of Revenue Intelligence (DRI) busted a syndicate involved in smuggling foreign currency out of the country and seized $80,000 at the Kolkata airport, an official said today.
Three people have been arrested, the official added. The gang had a unique modus operandi.
With hidden bundles of foreign currency notes in their shoes, two members of the group — Sheikh Masiruddin and Md Akhtar Moeni — cleared security check and waited at the domestic departure security hold area. At around the same time, the third member of the gang, Ziaul Mustafa, entered the airport to fly to Bangkok.
After being issued his boarding pass, Mr Mustafa cleared immigration and customs and entered the international departure security hold area before boarding his flight.
A chained glass door separates the domestic departure security hold area from the international departure zone.
Lear More
8 million cigarettes seized at Dublin port.
3, December 2018 l Buzz.ie
The cigarettes that were seized have an estimated value of €4 million and they were discovered during a search of a freight that came into the port from Rotterdam.
The officers were carrying out a routine check when the discovered the haul.
With the aid of the Revenue’s mobile x-ray scanner, the officers were able to discover the cigarettes.
The brands that were seized were ‘Mayfair’ and ‘Richmond’ and it would have meant a loss to the Exchequer of approximately €3.3 million.
https://www.buzz.ie/news/8-million-cigarettes-seized-309134
Lear More
Customs officials seize 1.8kg gold at Jaipur Airport.
2, December 2018 l DNA India
The customs officials apprehended two passengers at the Jaipur airport for allegedly trying to smuggle 1.8kg gold by concealing it in slippers and sandals on Saturday.
Sources said that two passengers had arrived on a flight from Bangkok and had concealed small pieces of gold in the sole of their footwear. The conduct of the two raised suspicion and when a team of customs officials intercepted and questioned them, the accused admitted to smuggling gold which they were after delivering it in Jaipur were supposed to leave for Bihar.
According to customs officials, the trend of smuggling of gold from Bangkok has been on the rise of late. Earlier, the major gold smuggling was done by passengers arriving from the Gulf. Bangkok is a new phenomenon.
https://www.dnaindia.com/jaipur/report-customs-officials-seize-18kg-gold-at-jaipur-airport-2691474
Lear MoreAnti-Counterfeit Packaging Ma
Anti-Counterfeit Packaging Market by Technology (RFID, Barcode, Hologram, Taggants), Usage Feature (Overt & Covert), End-Use Industry (Food & beverage, Healthcare, Electronics & automotive, Consumer durables), and Region – Global Forecast to 2023
Markets and Markets projects that the anti-counterfeit packaging market size will grow from USD 105.9 billion in 2018 to USD 182.2 billion by 2023, at a CAGR of 11.5%. The anti-counterfeit packaging market is projected to witness a high growth due to the increasing focus of manufacturers on brand protection to reduce counterfeiting.
By technology, the RFID segment is projected to grow at the highest CAGR from 2018 to 2023.
In terms of value, the RFID technology segment accounted for the second-largest market share in 2017 and is projected to grow at a highest CAGR during the forecast period. This growth can be attributed to its usage in almost all industries such as automotive, chemical, construction, food & beverages, and pharmaceutical industries. The barcode sector of the technology segment constituted highest share in the anti-counterfeit packaging market; and is projected to grow at a second-highest rate during the forecast period as it is highly preferred for brand protection in almost all industries but especially in personal care & cosmetics products. This is due to the information and code embossed over the barcode does not allow the covert data to be displayed on the label, making it difficult for counterfeiters to copy. A barcode helps companies to integrate product lines and reduce the total cost of ownership.
By usage feature, the overt technology is projected to be the largest market during the forecast period
In terms of value, the overt technology of the usage feature segment accounted for the largest market share in 2017 and is also projected to grow at a higher CAGR during the forecast period. Overt is the most widely used technology as they display product information, brand identification symbols, and transportation details during shipping.
Lear More