iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Customs Authorities can place tracking devices on shipments of gold, silver etc. under Controlled Delivery (Customs) Regulation 2022

13 Jul 2022 , 09:09 AM

The so-called Controlled Delivery (Customs) Regulations, 2022, by the government, are intended to track down individuals engaged in the transportation of products like gold, silver, precious and semi-precious stones, currency, antiques, and various other goods.

Narcotic drugs, psychotropic substances, precursor chemicals, restricted substances, or their substitutes are also included, as are alcohol and other intoxicating beverages, fake money or negotiable instruments, cigarettes, tobacco, and tobacco products, as well as wildlife goods.

The specified revenue authority is authorized by the regulations to authorize a regulated import or export of such questionable cargo after consulting with the appropriate foreign authorities.

To identify the person suspected of being engaged in the commission of an offense in connection to the consignment, the customs officer may, if necessary, mark or place tracking devices on consignments of the aforementioned commodities before completing the delivery of such goods.

The customs officer must seek approval as soon as possible, but no later than 72 hours after making the controlled delivery, if the officer is unable to get it before doing so.

As stated in the notification, if such a delivery is stopped before it is finished, the officer should respond as necessary.

Related Tags

  • commodities
  • gold
  • Silver
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.