Interplay of Smuggling of Foreign Currencies and Illegal Import of Gold through Passengers at International Airports
Lead author · Corresponding
Srinivasan Gopal
Superintendent of Central Tax at Office of Pr. Chief Commissioner of CGST & CX (DZ), New Delhi, India
Abstract
Foreign currency seizures have increased dramatically across the international airport and this development is, inter alia, directly related to the unauthorised importation of gold. This article examines the mutually beneficial relationship between the two, in which the benefactors use the services of the foot soldiers. Readers can gain a useful understanding of the complexities involved and the roles of various agencies, including but not limited to the DRI, Air Customs, CISF, Airlines, and other stake holders in the effective implementation of the provisions of the Customs Act, 1962, and FEMA, 1999, using various modes of operation across international airports.
Keywords
SMUGGLING OF FOREIGN CURRENCIES
ILLEGAL IMPORT OF GOLD
FOOT SOLDIERS
BENEFACTORS
MASTERMIND
INVOLVMENT OF FOREIGNERS
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