India, March 15 -- The Government of India has issued a release:
The Directorate of Revenue Intelligence (DRI) has unearthed an organised syndicate involved in the smuggling of foreign-origin gold into India, its transportation through rail route, melting and defacing at illegal facilities, and clandestine sale in the domestic market. The operation resulted in seizure of gold, silver and Indian currency collectively valued at over Rs.14.13 crore and the arrest of six persons.
In total, 8286.81 grams of gold valued at Rs.13.41 crore, 7350.4 grams of silver valued at Rs.19.67 Lakh, and Indian currency amounting to Rs.51,74,100 were seized under the provisions of the Customs Act, 1962.
Acting on specific intelligence, officers of DRI interc...