DRI Seizes Crystal Meth Worth Rs 158 Crore In Calicut India The News Mill

The Directorate of Revenue Intelligence (DRI) has seized crystal meth worth ₹158 crore in Calicut, India, highlighting ongoing efforts to combat drug trafficking. The operation, conducted by DRI officers, led to the recovery of 15.8 kg of high-purity crystal methamphetamine, also known as ‘ice.’ The contraband was concealed in imported consignments, indicating sophisticated concealment methods employed by the smugglers. Preliminary investigations suggest the drugs originated from Myanmar and were routed through various channels to reach India. The seizure underscores the challenges in monitoring and regulating the import of goods, particularly in coastal regions. Further investigation is underway to identify the individuals involved in the smuggling operation and to dismantle the network.

Section 111 of the Customs Act, 1962, deals with the confiscation of improperly imported goods, including narcotics. Possessing or dealing in prohibited goods can attract penalties under the Narcotic Drugs and Psychotropic Substances (NDPS) Act, 1985, including imprisonment and fines. Section 135 of the Customs Act, 1962, specifies the penalties for evasion of duty or prohibitions.

Such seizures highlight the critical need for businesses to implement robust internal controls and due diligence procedures to ensure compliance with customs regulations. The involvement of organized crime in drug smuggling also raises concerns about potential money laundering activities, which could have implications under the Prevention of Money Laundering Act (PMLA). CFOs should ensure that their organizations have adequate systems in place to detect and prevent such activities.

This seizure highlights the increasing sophistication of drug smuggling operations and the need for enhanced vigilance by customs and tax authorities. It also underscores the potential for revenue leakage and the importance of stringent enforcement measures.