Indians have insatiable appetite for Gold - watch these smugglers get caught!
- 6 years ago
Gujarat Police had made the single biggest seizure of gold smuggled into the country after arresting six people leaving the Ahmedabad airport with 60 kg of the precious metal flown in from Dubai.
The arrest is likely to strengthen pressure on Finance Minister Arun Jaitley to cut the gold import duty from a record-high 10 percent in his budget on Saturday.
India is the world's top buyer of gold, and the high duty has made illegal shipments profitable. The World Gold Council estimates that 175 tonnes of gold were smuggled into the country last year.
"Smuggling is happening because of high customs duty on gold," said Prithviraj Kothari, executive director of the India Bullion & Jewellers' Association, adding that smuggling may rise in 2015 if import duties remain high.
"If we want smuggling to become unattractive, the government should bring down duty to 2-4 percent."
Five men and one woman were arrested outside the airport in Ahmedabad, police said.
Of the six, three had arrived on an Emirates flight from Dubai while the others waited outside the Ahmedabad airport.
This footage is part of the professionally-shot broadcast stock footage archive of Wilderness Films India Ltd., the largest collection of HD imagery from South Asia. The collection comprises of 150, 000+ hours of high quality broadcast imagery, mostly shot on HDCAM / SR 1080i High Definition, Alexa, SR, XDCAM and 4K. Write to us for licensing this footage on a broadcast format, for use in your production! We are happy to be commissioned to film for you or else provide you with broadcast crewing and production solutions across South Asia. We pride ourselves in bringing the best of India and South Asia to the world...
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The arrest is likely to strengthen pressure on Finance Minister Arun Jaitley to cut the gold import duty from a record-high 10 percent in his budget on Saturday.
India is the world's top buyer of gold, and the high duty has made illegal shipments profitable. The World Gold Council estimates that 175 tonnes of gold were smuggled into the country last year.
"Smuggling is happening because of high customs duty on gold," said Prithviraj Kothari, executive director of the India Bullion & Jewellers' Association, adding that smuggling may rise in 2015 if import duties remain high.
"If we want smuggling to become unattractive, the government should bring down duty to 2-4 percent."
Five men and one woman were arrested outside the airport in Ahmedabad, police said.
Of the six, three had arrived on an Emirates flight from Dubai while the others waited outside the Ahmedabad airport.
This footage is part of the professionally-shot broadcast stock footage archive of Wilderness Films India Ltd., the largest collection of HD imagery from South Asia. The collection comprises of 150, 000+ hours of high quality broadcast imagery, mostly shot on HDCAM / SR 1080i High Definition, Alexa, SR, XDCAM and 4K. Write to us for licensing this footage on a broadcast format, for use in your production! We are happy to be commissioned to film for you or else provide you with broadcast crewing and production solutions across South Asia. We pride ourselves in bringing the best of India and South Asia to the world...
Please subscribe to our channel wildfilmsindia on Dailymotion for a steady stream of videos from across India. Also, visit and enjoy your journey across India at www.clipahoy.com , India's first video-based social networking experience!
Reach us at rupindang [at] gmail [dot] com and admin@wildfilmsindia.com
Like & Follow Us on: m
Facebook: www.facebook.com/WildernessFilmsIndiaLimited
Website: www.wildfilmsindia.com