Gold smuggling is back at Kerala airports

Smuggling is back at Kerala airports as hiked import duty and restrictions make the yellow metal even more precious. With a 400 per cent jump in arrests, 300 per cent in the value seized, Shaju Philip reports on another phenomenon — flights laden with gold. It’s raining gold at Kerala’s Kozhikode international airport. Every plane landing from the Middle East here now carries 40-80 kg of the precious metal, translating into Customs duties between Rs 86.8 lakh and Rs 1.74 crore.

Read Full Story>>