The Ministry of Finance announced on 11 October 2026 that the Directorate of Revenue Intelligence (DRI) seized 5,832.90 grams of 24-carat foreign-origin gold. The gold, valued at approximately Rs 8.98 crore, was found in a hidden cavity under the front passenger seat of a car intercepted at Visakhapatnam between 8 and 9 October 2026. Two passengers traveling from Kolkata to Hyderabad were arrested. The gold was reportedly smuggled into India via the Indo-Bangladesh border.
Key points
- Seized: 5,832.90 grams of 24-carat foreign-origin gold
- Estimated Value: Approximately Rs 8.98 crore
- Arrests: 2 passengers intercepted at Visakhapatnam
- Modus Operandi: Gold hidden in a specially fabricated cavity beneath the front co-passenger seat
When it applies
- interception of car at Visakhapatnam
- seizure of gold from Thar vehicles near Palwal Toll Plaza
Who it affects
- 2 passengers
Refers to
- Customs Act, 1962