The central government has asked its agencies to step up vigil on international borders to check spurt in gold smuggling ,Parliament was informed on recently.
Department (Revenue) has issued instructions to all field formations to maintain increased vigil so as to curb smuggling of gold along international borders & to keep a close watch on the trends of smuggling of gold, Finance Minister Mr. P Chidambaram said in a written reply in the Rajya Sabha.
The value of gold seized by customs department at the international borders during the April to October, 2012 period rose to Rs. 50.02 crore, from Rs. 15.81 crore during the corresponding period a year ago.
Specific modus operandi circular has also been issued alerting the field formations against smuggling of plain unbranded gold jewellery by misusing provisions of FTA, Mr. P. Chidambaram said.
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