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DRI for better intel sharing among SAARC nations

The agreement restricts the sharing of information on a case-to-case basis once investigation finds trails to these countries.

Written by Appu Esthose Suresh | Ahmedabad/new Delhi, New Delhi |
December 4, 2014 1:18:57 am

The Directorate of Revenue Intelligence (DRI) is set to push for a new framework for intelligence sharing among the five countries in the SAARC region for combating customs violations, fake currency, drugs and smuggling of ozone depleting substances.

Last year, the directorate had started a regional customs enforcement meeting with counterparts from Bangladesh, Bhutan, Nepal, Myanmar and Sri Lanka.

On December 4, the heads of customs enforcement agencies of these five countries will be in Delhi to attend the DRI Day celebration followed by a meeting where the new proposal is likely to be adopted.

Since the initiative was launched last year, DRI has shared approximately 20 intelligence incidents to these countries despite the customs mutual agreement between these nations. The agreement restricts the sharing of information on a case-to-case basis once investigation finds trails to these countries.

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According to the data to be released on DRI Day, the directorate has detected Rs 1,000 crore worth of duty evasion where show cause notices have been issued while Rs 500 crore have been recovered in the ongoing financial year.

The data also shows that there has been a spike in gold smuggling incidents. While 100 cases involving Rs 150 crore were detected this year, 60 incidents involving Rs 75 crore were reported last year. Since, import duty on gold was raised in 2012 budget, incidents of gold smuggling have gone up.

According to DRI officials, the new modus operandi has been to smuggle gold into India from neighbouring countries such as Nepal and Myanmar.

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First published on: 04-12-2014 at 01:18:57 am

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