MeitY Pavilion showcases India's digital innovation at India Mobile Congress 2026 (See 'Corp Brief') DRI seizes around 5.8 kg foreign-origin gold worth Rs. 9 crores (See 'Corp Brief') Keylong to house ICMR's first dedicated centre for high-altitude medicine (See 'Corp Brief') SARFAESI - Demand notice issued under Rule 7(1) of IBC Rules, 2019 does not, per se, commence insolvency proceedings against personal guarantors or trigger interim moratorium per Section 96 of IBC 2016: HC (See 'Legal Desk') Digital Health Resources crucial to Building India's Research Mindset: Health Secy (See 'Corp Brief') 53 Tele-MANAS Cells operational across all 36 States (See 'Corp Brief') CSR is not merely a statutory obligation but as strategic instrument for India's growth: Former Cab Secry (See 'Corp Brief') FEMA - Intimation to Customs does not, by itself, constitute proof of import of software, particularly where the software was claimed to have been received through a data communication channel: Tribunal (See 'Legal Desk') India's maritime future will be written by young people: Sonowal (See 'Corp Brief') IPR - If defendant adopts mark that is minor phonetic and visual manipulation of well-known registered trademark, coupled with identical colour scheme, get-up, and trade dress, strong prima facie case of trademark & copyright infringement is made out: HC (See 'Legal Desk') ICAR-IIAB organises Pre-Rabi Kisan Goshti for 1,500 Farmers (See 'Corp Brief') IBC - Per Section 9 of IBC, where operational debt meets statutory threshold & no pre-existing dispute exists, then application for initiation of CIRP is maintainable: NCLT (See 'Legal Desk') India targets 10% of Global 6G Patents and Standards: MoS (See 'Corp Brief') SEBI - Allegation of violations of SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations is serious & cannot be sustained on mere general allegations, individual perceptions, or violations of investment advisory regulations alone: SAT (See 'Legal Desk') India highlights Energy Security at 20th EAS Energy Ministers' Meeting (See 'Corp Brief') IPR - Visual deceptive similarity, phonetic identity, likelihood of public confusion, brand dilution, and misrepresentation of association are sufficient to justify interim injunctive relief: HC (See 'Legal Desk') Special Khadi and Village Industries Exhibition inaugurated at Delhi Haat (See 'Corp Brief') SARFAESI Act, 2002 - Writ remedy under Article 226 cannot be used to bypass or circumvent this designated statutory remedy & specialized forum, which is uniquely equipped to assess the intricacies of such proceedings: HC (See 'Legal Desk') An unsuccessful 'success fee' litigation (See CORP EINSICHT)

DRI seizes around 5.8 kg foreign-origin gold worth Rs. 9 crores

Published: Oct 12, 2026

By TIOLCorplaws News Service

NEW DELHI, OCT 12, 2026: CONTINUING its sustained crackdown on organised gold smuggling, the Directorate of Revenue Intelligence (DRI), in an intelligence led operation, intercepted a car carrying two passengers travelling from Kolkata to Hyderabad at Visakhapatnam during 08-09 October 2026. The interception followed a prolonged chase by officers, who maintained heightened vigilance along the National Highway.

A thorough search of the vehicle, involving prolonged examination and systematic rummaging, led to the detection of a specially fabricated concealed cavity beneath the leg space of the front co-passenger seat. Three packets containing 5,832.90 grams of foreign-origin gold of 24-carat, valued at approximately Rs. 8.98 crore, were recovered from the cavity. The occupants admitted that the gold had been smuggled into India through the Indo-Bangladesh border and was being transported to Hyderabad.

The recovered gold was seized under the relevant provisions of the Customs Act, 1962. Both occupants were arrested.

The case bears a striking resemblance to another major recent seizure by DRI on 18-19 September 2026, when officers intercepted two Thar vehicles near Palwal Toll Plaza near- Delhi and recovered more than 15 kg of foreign-origin gold valued at more than Rs.23 crore from sophisticated concealed cavities fabricated in the vehicles' chassis. Preliminary intelligence in that case indicated that the gold had been smuggled from Myanmar.

These cases highlight the increasingly sophisticated methods employed by organised gold-smuggling networks to transport contraband across the country by concealing it in specially engineered cavities in vehicles. DRI remains resolute in identifying such evolving concealment techniques, dismantling smuggling networks and safeguarding the country's economic and revenue interests.

TIOL CORP SEARCH

TIOL GROUP WEBSITES